Law of the PRC on Promoting the Transformation of Scientific and Technological Achievements
Article 1 This law is enacted for the purpose of promoting the transformation of scientific and technological achievements into real productive forces, standardizing such transformation, hastening scientific and technological progress and facilitating economic and social development.
Article 2 The phrase "transformation of scientific and technological achievements" as used in this Law means the entire process of the follow-up tests, development, application and widespread use of the applicable scientific and technological achievements, made as a result of scientific research and technological development, through to the final creation of new products, new techniques, new materials and new industries -- all for the purpose of enhancing the productive forces.
Article 3 Transformation of scientific and technological achievements shall be instrumental to increasing economic and social results and protecting the environment and natural resources, as well as to promoting economic and social development and strengthening national defense.
In transforming scientific and technological achievements, the persons concerned shall abide by the principles of voluntariness, mutual benefit, fairness and good faith and shall, in accordance with law or contractual agreement, enjoy interests and bear risks. Intellectual property involved in transformation of scientific and technological achievements shall be protected by law.