As an intangible property, intellectual property, like tangible property, can be financed as property at the time of incorporation, so what are the provisions of corporate law on intellectual property financing? Below, the minor will describe the provisions of corporate law relating to intellectual property financing。
Under the relevant provisions of our companies act, shareholders of limited liability companies may be financed in monetary terms, as well as in kind, intellectual property, land tenure, etc., which may be valued in monetary terms and may be transferred in non-monetary property in accordance with the law; however, laws and administrative regulations stipulate that no property may be financed。
Non-monetary property to be financed shall be valued, verified and not overvalued or underestimated. The assessment is priced by laws and administrative regulations and is regulated by them。
The monetary contribution of all shareholders may not be less than 30 per cent of the registered capital of the limited liability company。
Where shareholders are financed by non-monetary property, the transfer of their property rights shall be effected by law. In addition to full payment to the company, shareholders who have paid their contributions in full and on time shall be liable for breach of contract if they have not done so in accordance with the law。
After the establishment of the limited liability company, it was found that the actual price of the non-monetary property financed by the establishment was significantly lower than the price fixed by the constitution of the company, and that the difference should be filled by the shareholders who had paid the contribution; the joint and several liability of the other shareholders at the time of its establishment。
I hope to help you. Since intellectual property is an intangible, time-limited asset in relation to money and land tenure, the situation of financing in practice is more complicated, and it is important to know the relevant legal provisions in the process of making intellectual property contributions。
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