Technology Transfer Agreement Pdf
The procedure to be followed when drawing up a technology transfer agreement is as follows: the agreement may also mention that all disputes arising from the agreement fall within the exclusive jurisdiction of a given court. The agreement usually contains information about the technology transferred, the type of transfer, the duration for which it is transferred and the consideration to be paid. This objective of the technology transfer agreement is to define the conditions under which the technology is transferred. The consideration for the transfer may be a lump sum or a royalty or a mixture of both, as decided by the parties. The agreement also states whether the license is an exclusive license (granted exclusively to the licensee) or non-exclusive. As a general rule, technology transfer agreements contain a clause that speaks of the measures to be taken when a party violates the clauses of the above-mentioned agreement. An arbitration clause is present in most agreements and states that when a clause of the agreement is violated or disputes arise with respect to the terms of the agreement, the matter will be settled through arbitration. The clause indicates the place where the arbitration will take place, i.e. the seat of the arbitration, the language in which the proceedings will be conducted and the manner in which the arbitrators will be appointed. Alternatively, any other form of dispute resolution, such as mediation, may also be mentioned in the agreement. A technology transfer agreement is required when an organization wishes to transfer its intellectual property or know-how to another organization.
The agreement defines how the intellectual property is to be transferred and the period of validity of that transfer. The technology transfer agreement must clearly indicate the technology and the rights conferred. The territory where these rights are exercised and the duration of the agreement must also be specified. The parties, the client and NTUST, conclude this agreement within the framework of the project □□□□□□□□□ that the parties will undertake through industrial and academic cooperation and technology transfer, and agree on the following conditions: the agreement must clearly indicate the names of the parties between whom the contract is concluded. These include the party transferring the intellectual property rights or know-how (known as the Assignor) and the party to whom those rights are transferred (known as the assignee). . . .