Technology Transfer Agreement
The Technology Transfer Agreement covers the situation where a manufacturer (Licensor) licenses a package of information, Intellectual Property Rights, technical assistance or know how to a licensee company. The licensee can then manufacture and distribute the products in a defined territory using the licensor’s technology.
In the most important aspects of the contract (technology, exclusivity, royalties, termination of contract, applicable law and competent jurisdiction, etc.) different alternatives have been provided, for the most appropriate one to be selected according to who drafts the contract (Licensor or Licensee).
This Technology Transfer Agreement can be used for domestic transactions in which the Licensor and Licensee are based in the same country. When both Parties are in different countries the International Technology Transfer Agreement should be used.
Index of the contract