[LNB News] Designated as an Industrial Property Rights Diagnostic Institution (2021.11.24)

As of November 24, 2021, LNB IP Law Firm was designated by KIPO as an industrial property rights diagnostic institution, as shown below.

An industrial property rights diagnostic institution is an institution that conducts comprehensive trend research and analysis of inventions and industrial property rights and proposes directions and strategies for R&D or commercialization, as provided in Article 36 of the Invention Promotion Act.

Diagnostic costs that a company pays to an industrial property rights diagnostic institution are included in "expenses for research and development" under Article 9(1) of the Enforcement Decree of the Restriction of Special Taxation Act, and are therefore eligible for a tax credit. For details, please refer to the attached [Appendix 6] of the Enforcement Decree of the Restriction of Special Taxation Act.

Because industrial property rights search and analysis work related to R&D is eligible for a tax credit as described above, we encourage you to take advantage of it.

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