40. Rights in discoveries, inventions and improvements made by any member of the staff of the Institution to ‘vest in the Institution

The rights in all discoveries and inventions and all improvements in respect of processes, apparatuses, and machines made by an officer of the Institution shall vest in and be the property of the Institution and shall be made available for use in the public interest subject to such conditions and the payment of such fees or royalties as the Institution may determine.

. The Institution may, out of the Fund of the Institution, pay to any officer of the Institution, who has made any dis-covery, invention or improvement referred to in subsection (1), such bonus, or make provision for such officer to share in the profits derived from that discovery, invention or improvement, as the Council may determine.

The Institution may apply for lettera patent in respect of any inventions made by any officer of the Institution and shall for the purposes of the Code of Intellectual Property Act,