Responsive image

Technology Transfer Agreement


Overview

Technology Transfer Agreement is used when a company (also referred to as Licensor) assigns or licenses to another company (also referred to as Licensee) registered industrial and intellectual property rights (such as patents, trademarks, copyright etc.) as well as technical assistance and know-how. In the case of assignment, knowledge and exclusive rights are granted whilst in the case of licensing, knowledge is transferred. The Technology Transfer Agreement is increasingly being used in technological cooperation strategies through which companies endeavour to enter into competition in certain sectors or markets but without having to develop internally the technology necessary for that purpose and that which is acquired through this type of contract. The Technology Transfer Agreement is increasingly being used in technological cooperation strategies through which companies endeavour to enter into competition in certain sectors or markets but without having to develop internally the technology necessary for that purpose and that which is acquired through this type of contract.

Benefits of Technology Transfer Agreement

The benefits of Technology Transfer Agreement are mentioned below:

  1. It protects the right of the party licensing or assigning technology.
  2. It prevents Receiving Party from disclosing sensitive/confidential information to third party.
  3. It is instrumental in preventing occurrence of future conflicts.
  4. It facilitates trust between parties.

Procedure

Procedure for Technology transfer

Frequently Asked Questions

What is the Technology Transfer Agreement?

Technology Transfer Agreement is used when a company (also referred to as Licensor) assigns or licenses to another company (also referred to as Licensee) registered industrial and intellectual property rights (such as patents, trademarks, copyright etc.) as well as technical assistance and know-how.

What is the main benefit of the Technology Transfer Agreement?

It protects the right of the party licensing or assigning technology.

Is Technology Transfer Agreement essential for your business?

Yes, it is essential if assigning and licensing of industrial and intellectual property rights has to be done.

How long does Sabkuch Legal take to draft Technology Transfer Agreement?

We try our best to complete your task in the shortest possible time.

Why Choose Us

Why Choose us for Technology transfer

Ask a Free Legal Question?



© Sabkuch Legal Pvt. Ltd. All Rights Reserved.