Red Wind Industry and Zhao Yi’s collaborative research and developnt had achieved significant breakthroughs at various stages. Success in research does not signify the end; there were still discussions to be had between the two parties, as well as with the chanical systems and vibration laboratory, regarding technological rights and interests.
The technological rights and interests include the right to use the technology and the rights related to the relevant patents.
The new electric spindle technology was developed by Zhao Yi, but as a collaborative R&D partner, Red Wind Industry, with the chanical laboratory providing facilities, equipnt, and personnel, contributions could lead to gains.
Red Wind Industry was the biggest benefactor, owning the rights to use the technology, as well as seventy percent of the related patents.
The chanical laboratory had relatively smaller gains, as they rely provided the location and personnel, and a lot of the major equipnt was provided by Red Wind Industry. According to the initial cooperation agreent, they were only entitled to a portion of the sponsorship funds and five percent of the patent rights.
The remaining technology and patent rights belonged to Zhao Yi personally.
Although Red Wind Industry held the rights to use the technology, because Zhao Yi owned thirty percent of the rights, they also desired full control, so they simply negotiated a technology buyout with Zhao Yi.
Additionally, there were the patent rights to consider.
The new electric spindle technology had five associated patents, which surprised Zhao Yi; he originally thought there were none, and even feared that so of the technology might infringe on external patents.
When it cos to international patents, developing the sa technology could also lead to infringent.
For instance, if two companies develop the sa technology.
Even though both independently developed it, if one company registers the technology first, the other company cannot prove that the technology was independently developed rather than copied and has to pay patent fees for using the related technology to the first company.
This is the advantage of being the first mover.
One typical example is the dostic car engine manufacturing industry.
The developnt of civilian car engine manufacturing technology is highly restricted by international patent law. Since dostic car engine technology started later, even with substantial research funding, it’s not very beneficial, as most high-end technologies are already registered patents, and developing similar technology internationally might lead to patent infringent.
Zhao Yi discovered that the newly developed electric spindle could be registered for five patents, giving him a new appreciation for "Derivation Law". The text introduction of "Derivation Law" stated that "under the existence of reality", implying that only by having higher-end technology in reality can one deduce content of a higher tier, with sufficient conditions.
Zhao Yi subconsciously understood it as being able to deduce any technology that others have.
Now it seems this is not the case.
Others possessing higher-end technology is rely a condition for using "Derivation Law", and it does not an the deduced results are the sa as the technology others possess.
Using a simple nurical deduction analogy, for example, everyone knows 0, 1, 2, 3, 4, others might use 2 and 4 to deduce 8 and make it a condition for using "Derivation Law", but "Derivation Law" could rely on 2 and 3 to deduce 6, or even use 3 and 4 to deduce 12.
"If I could combine the technology I’ve developed with others, could I definitely develop even higher-end technology?"
"That would be pretty good!"
Zhao Yi thought carefully, "It seems that to develop even higher-end technology, I can’t solely rely on ’Derivation Law’. I could also find simpler thods, like having Red Wind Industry get an internationally manufactured electric spindle, even a lower-end one would do. It’s bound to have patented technology I’m not familiar with."
"Then, combining the two to do research..."
"If now is the second generation, could the third generation erge soon?"
After giving it so thought, Zhao Yi was very confident about the subsequent R&D and didn’t care much about the patent fees. During the negotiation process with Red Wind Industry concerning technology and patents, he instructed his lawyer to be generous, allowing so leeway wouldn’t hurt much.
Both parties were sure to co to an agreent.
In terms of technological rights, Red Wind Industry bought out part of the ownership rights from Zhao Yi for twenty million RMB.
As for patent rights, they involved a ten-year usage fee, with an annual fee of five hundred thousand RMB, amounting to five million RMB in total. In addition, authorizing the patent for other companies to use would also provide Zhao Yi with twenty percent of the patent revenue.
In sum, Zhao Yi earned a total of twenty-five million RMB from technological and patent rights.
When the representatives of Red Wind Industry and Zhao Yi’s lawyers reached an agreent, both parties were very satisfied, raising their glasses to celebrate. Zhu Lin, who had been watching the whole process, was stunned.
"What’s going on?"
"How did it beco twenty million, five million?"
"Our chanical laboratory only has five percent of the patent, which is just one million two hundred and fifty thousand?"
Thinking about the sum of one million and two hundred fifty thousand, Zhu Lin felt that it was not an insignificant amount of money. However, a representative from Red Wind Industry soon approached to discuss the five percent patent issue with him.
"Those machines, that equipnt..."
"Do you want those machines and equipnt, or do you want over a million?"
Zhu Lin was dumbfounded, his mouth agape, "Weren’t those machines given to us?"
"—?"
The representative from Red Wind Industry looked at Zhu Lin as if he were a fool, their gaze almost translating to, "Why would we give you such valuable machinery for free?"
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