Technology Transfer Agreements
Although
a licensing agreement is a form of technology transfer
agreement, technology may be transferred by agreements
other than licenses. For example, technology may
be transferred by Cooperative Research and Development
Agreements (CRADAs), by Commercial Service Agreements
(CSAs), by contracts such as an engineering contract,
a management contract, a technical assistance agreement
or by business acquisitions such as direct foreign
investment, wholly foreign owned subsidiary or
by joint ventures.
Technology transfer agreements are typically considered “high
risk” contracts. This is because the contracting
parties are free to shape the contracts as they
wish resulting in a relatively small amount of
regulation governing these transactions. As such,
it is recommended that you seek the advice of an
attorney competent in your area of business before
entering into these types of agreements. |