This is the type of contract that is usually used by companies to assign or provide license to another registered property rights which includes trademarks, copyright, patents, etc. as well as the technical assistance. Knowledge and the exclusive rights can be both granted in which these two have been recognized and registered to ensure the manufacturing and marketing aspects of various products. In a technology transfer agreement, the price for the assignment of property rights both the intellectual and industrial has already been paid initially. Such agreement has been used among technological cooperation strategies through which companies tend to fit into the competition involved in sectors and in markets without developing the technology needed for obtaining this type of contract.
10+ Technology Transfer Agreement Samples
What is a Technology Transfer Agreement? It is generally defined as the transfer of intellectual property coming from one organization to another and has been considered as one of the collective means of transferring through a licensing agreement. The licensee has an absolute right to make use of the technology within a fixed period of time through paying a certain amount for it. It even covers situations like the licensing of package information, intellectual property rights, technical assistance, etc. The licensee can now manufacture and begin the distribution of products at a given area with the use of the licensor’s technology.
1. Technology Transfer Agreement Template
2. Technology Transfer Agreement
3. License Technology Transfer Agreement
4. Technology Transfer Trade Agreement
5. Patent Technology Transfer Agreement
6. Company Technology Transfer Agreement
7. Sample Technology Transfer Agreement
8. Business Technology Transfer Agreement
9. Software Technology Transfer Agreement
10. Technology Development Transfer Agreement
11. Technology Confidentiality Transfer Agreement
Nature of the Agreement
The technology transfer agreement usually pertains to a method of transfer of technology following a particular terms and conditions. The term “transfer” pertains to the process by which a technology has been developed for a purpose. They are designed to be used by individuals. Such agreement can also be used for a license agreement to which the transfer is mostly conducted through software programs, documents, raw materials, etc.
Licensing agreements, on the other hand, is considered to be a deal among the licensor and the licensee who is already granted a permission for its usage to a particular monetary prearrangement. The licensee will then be responsible of paying the licensor as a result of using the trademark, brand, or patent by the licensee.
Types of Technology Transfer Agreement and Licensing Agreements
A technology transfer agreement can be broken down into two: vertical and horizontal technology transfer. A vertical technology transfer occurs when there is a conduction of new technologies from a new range of technology considering that the technology is still for exploration and/or advancement. A horizontal technology transfer involves well-known technology from a particular organization to another. Licensing agreements do not exactly have a category or type specifically. However, they are used extensively in real life situations.
Elements of Technology Transfer Agreement
To avoid the possibility of having a transaction being in contrast with the agreement, you have to make sure that the elements mentioned below will be present in the technology transfer agreement.
- Sale and grant of license by the owner of the technology
- The obligation to transfer any information that is considered confidential
- Process know how
What is included in the index of the contract?
It includes object, territory, technology, exclusivity, obligations of both the licensor and the licensee, front-end fee, royalties, minimum royalties, date for payment of royalties, currency for payment of royalties, taxation, prohibition of concession, sub-licenses, subcontracting, registration of patents and trademarks, mention of licensor and labelling, registration of transactions, control of transactions, entry into force and term of contract, termination of contract, completion of contract, confidentiality, application law and competent jurisdiction, signatures, and annexes.
What are some entities involved when entering into the technology transfer agreements?
It includes other federal agencies, state and local government units, industrial organizations, public and private foundations, nonprofit organizations, other persons including those licensees of inventions owned by the Federal agency, and appropriate foreign entities.
Thee technology transfer agreement plays a vital role in the advancement and growth of the technology which could possibly result in the improvement of the country or state’s economy. If you want to see more samples and format, check out some of the technology transfer agreement samples and templates provided in the article for your reference.
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