Technology transfer is the process of skill transferring, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities among governments and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology into new products, processes, applications, materials or services. It is closely related to knowledge transfer.
Technology Transfer is common nowadays in this world of Mergers and acquisitions and joint ventures. It involves complicated legal questions of Licensing and assignment of Intellectual Property, protection of trade secrets and the like. Astrea Legal will help you in all the legal areas associated with technology transfer like drafting of technology transfer agreements, rights and obligations of the parties involved, protection of IP, transfer of technical know-how etc.
If your SME is interested in:
• improving the quality of your product or manufacturing a new product by using the rights owned by others in the form of a patent, utility model, or know-how protected by a trade secret, then acquiring such rights through a technology licensing agreement may be the right solution, or
• entering a market or extending your existing market for a product for which your SME owns the rights to a patent, utility model or know-how protected by a trade secret, then authorizing another to use your process or product through a technology licensing agreement may be the right solution.
By a technology licensing agreement the licensor authorizes the licensee to use the technology under certain agreed terms and conditions. It is, therefore, a contract freely entered into between two parties and contains terms and conditions so agreed.