The fellow will always want to make as few assurances and guarantees as possible about the efficiency and ownership of the technology. The fellow will always want strong promises that the product will work as described and does not violate the rights of third parties. Good negotiations determine where this problem can be solved. (i) the technology transfer plan and schedule and where the technology transfer is carried out. The concession clause should clearly specify the intellectual property rights to be transferred. All patents, copyrights, business secrets and trademarks should be processed. They can be granted in different ways or all in the same way. The section should consider whether each aspect of the PI is assigned or authorized; Whether the financial assistance is exclusive or not (for licensing); The geographical areas covered and whether the nature or amount of use the recipient can make is limited. The technology transfer agreement must take into account the concerns of the university, the researcher, the government and the entity that puts the discoveries on the market.
Among the issues that need to be resolved in a technology transfer agreement is who retains what rights to discoveries, who directs the future direction of research and, of course, who receives how much. Although technology and intellectual property rights protection have recently increased sharply and technology transfer agreements are commonplace, the concept of technology transfer is not new. Technology transfer between universities and industry has existed in the United States since at least the 1920s, when some universities were marketing their discoveries. Technology transfers became interesting in the late 1940s, when the Manhattan Project demonstrated the value of university research for national defense. An influential 1945 report to the President, “Science — The Endless Frontier,” argued that university research could serve as a catalyst for economic expansion by increasing the amount of technology available to industry. The sale and purchase of the exclusive rights to a patented technology or the authorization to use a particular technology or know-how is done through legal relations between the holder of the exclusive rights or the supplier of know-how, known as a “seller”, and the person or legal person who acquires these rights or obtains that authorization or know-how. which is called a “transfer taker.” The law applies to all inventions that are either designed with a federal grant for part of the aid or are reduced to practice.