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What is technology transfer?

  • Technology transfer is the process of transferring technology from one holder to another person (company) by means of transfer of technology, permission of license, technology training, joint research, joint venture or M&A.
  • Technology transfer agreement is generally a contract that is made by mutual consent for the details of license, royalties, commissions, and payment methods, etc.
  • Depending on technology forms, technology transfer is divided into transfer of IPRs, transfer of know-how, and transfer of IPRs and expertise.
  • According to who holds ownership, technology transfer is also divided into tech transfer (sell-off) and technology implementation; it is classified into exclusive license and non-exclusive one based on the scope of implementation.