Technology transfer agreement
Definition : Technology transfer agreement
The technology transfer agreement sets out the terms and conditions for the transfer of the rights of use relating to a technique owned by one party and the know-how necessary for its implementation by the other party.
Technology transfer agreements are often used in the context of a commercial collaboration between companies, where one party owns an innovative technology, product or process and the other party wishes to use or market it.
The technology transfer contract may include clauses on intellectual property, copyright, confidentiality, non-disclosure, royalties, the duration of the agreement and the obligations of each party. It is important to note that technology transfer contracts are often very complex and require the assistance of lawyers specializing in intellectual property to ensure that all aspects of the agreement are properly understood and protected.