Legal analysis: Generally speaking, giving up intellectual property rights means that the intellectual property right holder gives up the right to directly dispose of some intellectual property rights he enjoys. Intellectual property rights are people's rights to intellectual achievements created through mental work, which are exclusive, regional and timely. Divided into copyright, patent right and trademark right. Take patent right as an example, patent is a very important personal right. Where the patentee waives his patent right in writing, the patent right shall be terminated before the expiration of the time limit.
Legal basis: Article 44 of the Patent Law of People's Republic of China (PRC): In any of the following circumstances, the patent right shall be terminated before the expiration of the time limit:
(a) failing to pay the annual fee in accordance with the provisions;
(2) The patentee waives his patent right in writing.
Where the patent right is terminated before the expiration of the time limit, it shall be registered and announced by the patent administration department of the State Council.
(The Patent Law of People's Republic of China (PRC) will come into force on June, 20265438 1).