What are the characteristics of technology investment such as patents and what are their civil liabilities?

The amount of investment is limited; the company's survival is uncertain; technology investments such as patents are irreplaceable. Civil liabilities include: failure to pay capital contributions as agreed, defects in capital contributions, and fundamental liability for breach of contract, etc. Regarding the characteristics of technology investment such as patents and what their civil liabilities are, the editor of Legal Savior Network will answer your questions in detail below.

1. Characteristics of technology investment such as patents and what are their civil liabilities

1. The amount of investment is limited; the company’s survival is uncertain; technology investment such as patents is irreplaceable. Civil liabilities include: failure to pay capital contributions as agreed, defects in capital contributions, and fundamental liability for breach of contract, etc.

2. Legal basis: "Company Law"

Article 27, Shareholders Investment can be made in currency, or in kind, intellectual property, land use rights and other non-monetary properties that can be valued in currency and transferred in accordance with the law; however, properties that are not allowed to be used as investment according to laws and administrative regulations are excluded.

Non-monetary property used as capital contribution shall be evaluated and valued, and the property shall be verified and shall not be overvalued or undervalued. If laws and administrative regulations have provisions on valuation and valuation, those provisions shall prevail.

Article 28: Shareholders shall pay the capital contribution amount stipulated in the company's articles of association in full and on time. If a shareholder contributes capital in currency, the full amount of the monetary contribution shall be deposited into the limited liability company's bank account; if the shareholder contributes capital in non-monetary property, the transfer procedures for its property rights shall be completed in accordance with the law. If a shareholder fails to pay capital contributions in accordance with the provisions of the preceding paragraph, in addition to paying the company in full, he shall also bear liability for breach of contract to shareholders who have paid capital contributions in full and on time.

2. Can patented technology be used as investment

Shareholders can contribute money in currency, or they can use physical objects, intellectual property rights, land use rights and other non-monetary properties that can be valued in currency and transferred in accordance with the law. Investment, so patented technology can be used for investment.

Non-monetary property used as capital contribution shall be appraised and valued, and the property shall be verified, and shall not be overvalued or undervalued. If laws and administrative regulations have provisions on valuation and valuation, such provisions shall prevail.I hope the above content can be helpful to you. If you have other questions, you can click the button below for consultation, or go to the Legal Savior Network to consult a professional lawyer.