Protection of VIP-developed Intellectual Property.
Section 17
SEC. 17. Protection of VIP-developed Intellectual Property. - The VIP Board shall ensure that all technologies developed exclusively by the VIP shall be protected by intellectual property laws, in accordance with Republic Act No. 10055 or the "Philippine Technology Transfer Act of 2009", Republic Act No. 8293 or the "Intellectual Property Code of the Philippines", and other applicable laws. Any patent or property right award granted to the VIP shall be held by and in the name of the Philippine government. In the case of partnerships where the VIP is a collaborating research partner, the VIP Board shall ensure that technologies co-developed by the VIP shall also be co-owned by the Philippine government, and correspondingly accorded intellectual property protection under the law.