Transfer Of Technology Agreements

Therefore, technology transfer agreements play a critical role in the efficient operation of businesses in all sectors. In some cases, the technology is licensed. In general, these agreements will improve economic efficiency and promote competition by reducing duplication in research and development, strengthening the incentive for initial research and development, encouraging incremental innovation, facilitating diffusion and creating competition in the product market. According to the National Center for Socio-Economic Information and Forecasting – Ministry of Planning and Investment (NCIF), the practice of transferring technical know-how and assistance, subject to industrial property rights, has been little received and implemented. . . .

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