Protecting LCPL’s intellectual property

5.3 Protecting LCPL’s intellectual property

LCPL and its ultimate parent company Lotte Group, have acquired and developed valuable intellectual property, including patents, trademarks, copyrighted works, and trade secrets (e.g. confidential, technical or business information). Employees have a responsibility to protect these assets.

LCPL may choose to protect inventions or creative expressions through patents, trademark registrations or copyright. The transfer of patents, trademarks or copyrighted works is subject to approval by the Chief Executive and contractual safeguards.

Employees should only disclose confidential information on a need to-know basis and take measures to avoid unauthorized disclosure, e.g. by securing access to confidential company records. Disclosing confidential information to third parties (other than disclosure required under the law i.e. to auditors, etc.) is subject to management approval and a non-disclosure agreement. Ideas or confidential information from third parties should not be received or used unless the appropriate safeguards are in place.

The Chief Financial Officer must be involved in any transfer or dispute related to intellectual property. In any event, no statement regarding the validity, scope, or enforceability of intellectual property rights should be made without the involvement of the Chief Financial Officer.