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Technology transfer and technology licensing are ways to commercialize research outcomes and move innovations with patent protection out of the laboratory into everyday applications. These two terms are often used interchangeably, but there are key differences between them, wherein technology transfer is the process of transferring technology to a different entity or organization. Technology transfer can be a complex process, but it’s often necessary to ensure that patented research or patented innovation is being used in the best way possible. Technology transfer can take place within a single organization or between organizations, and it involves either technology licensing or patent licensing or assigning ownership of intellectual property (IP) to another entity via patent assignment. Patent Licensing refers to an agreement under which patent rights are granted by one party (the licensor) for another party (the licensee) to use its IP without transferring ownership of that IP. In this type of arrangement, the original owner retains control over how its technology is used and may receive payments from its licensee based on certain conditions agreed upon by both parties during negotiation stages. Technology licensing is a contractual agreement that allows a company to use another company’s intellectual property rights, such as patents (including software patents) and trademarks, in exchange for an up-front licensing fee and/or royalty payments.
A Technology License Agreement (TLA) is used by inventors and owners of intellectual property to license their technology to other companies. The TLAs are legal documents that can be used to transfer the ownership of intellectual property rights from one party to another. Both technology transfer and technology licensing are ways to commercialize research outcomes and move discoveries out of the laboratory into everyday applications. Technology transfer is the process of transferring technology to a different entity or organization. Technology licensing is one way to do this, but there are other ways as well.
Technology licensing is when an institution grants permission for another party to use its intellectual property rights (IPR), including patents and copyrights, in exchange for royalties paid by the licensee. In some cases, an organization may choose to pursue both a technology transfer and technology licensing agreement with the same institution. In some cases, an organization may choose to pursue both a technology transfer and technology licensing agreement with the same institution. While it is possible for an organization to pursue both agreements at once, this is not always recommended. The decision should be made on an individual basis after carefully considering all available options and weighing their pros and cons. Technology transfer means that researchers can benefit from commercialization of their research by allowing others to develop products based on their discoveries, after searching for similar patents by way of patentability searches that is followed by strategic patent drafting for filing patent applications worldwide.
Technology transfer is the process of transferring technology to a different entity or organization. Technology licensing is a contractual agreement that allows a company to use another company’s intellectual property rights, such as patents and trademarks, in exchange for an up-front licensing fee and/or royalty payments. The goal of technology transfer programs at universities is to facilitate the commercialization of research discoveries made by faculty members and students so they can benefit from their innovations while also increasing economic growth locally through job creation. A Technology Transfer Agreement (TTA) allows researchers or inventors at universities or other institutions to share their findings with those outside the institution who can use those discoveries without losing ownership of the intellectual property involved. A Technology Transfer Agreement (TTA) allows researchers or inventors at universities or other institutions to share their findings with those outside the institution who can use those discoveries without losing ownership of the intellectual property involved. The TTA process can be used by universities, institutions and other organizations that want to transfer their technology into the marketplace for commercial use, which also gives a boost to the corresponding patent valuation.
A Technology Licensing Agreement (TLA) is similar to an intellectual property rights assignment contract and allows an organization or individual to license patents, trademarks, copyrights etc. A Technology Licensing Agreement (TLA) is similar to an intellectual property rights assignment contract and allows an organization or individual to license patents, trademarks, copyrights etc. The main difference between a TTA and a TLA is that the former is used when transferring ownership of intellectual property while the latter is used when licensing it.
A technology transfer agreement refers to any type of agreement used in order to transfer technology from one party (the inventor) to another (the company). This could include patents or other forms of intellectual property such as designs or software code which can then be used by the receiving party for their own benefit without needing further permission from its original creator.
The technology transfer and licensing agreements are two ways of commercializing research outcomes, moving discoveries out of the laboratory into everyday applications. Technology transfer means that researchers can benefit from commercialization of their research by allowing others to develop products based on their discoveries. A Technology Transfer Agreement (TTA) allows researchers or inventors at universities or other institutions to share their findings with those outside the institution who can use those discoveries without losing ownership of the intellectual property involved.
Technology transfer is a way to convey technological knowledge to one organization or individual who owes it to another organization or within the same business group. Technology transfer can take place when i) a company or individual patents its invention to another company (horizontal transfer), ii) new technology is developed to meet market demand iii) new advances in one area stimulate progress in another. When a project has commercial value, the inventor sends it for technology transfer.
The first part of the technology transfer process is the invention disclosure, wherein the document discloses essential and practical information about the invention. It is important to draft and approve the invention disclosure report internally before presenting it to the company for technology transfer. This invention disclosure involves sensitive information or trade secret, which comes under the scope of confidentiality. Now, the question is, how to determine if technology is an invention? Generally, the “invention” fulfils the criteria of novelty, usefulness, and non-obviousness. If the disclosure solves an existing problem or offers sufficient value, it can be considered an invention.
The invention disclosure is a business record wherein the invention is evaluated considering its possibility of patentability, commercial success, and utility in society. In short, the disclosure memo should comprise comprehensive information about the invention that can allow the company to determine the value of the invention. Since the invention disclosure is presented to the company for the first time, it is advisable to bring forth the basic knowledge of the technology and state-of-the-art along with the background of the project. Besides the business record, invention disclosure embarks the company to obtain a patent. Therefore, it will act as a primary tool to streamline the patent process in the subsequent technology transfer process. Patent attorneys draft patent applications based on invention disclosure and then formally establish scope, inventorship, dates of invention, and prior art.
In addition to the crucial points stated here relating to technology transfer and technology licensing, the future business models based on technology transfer and technology licensing innovations may regularly need assistance for Patent Searching. The results of a patent search report for technology transfer and technology licensing projects can assist in determining if Patent Drafting for technology transfer and technology licensing is the next step for technology transfer and technology licensing combined with International Patent Filingalong with USPTO Patent Filing. In case of blockchain based business models adapted from technology transfer and technology licensing, utility token Legal Opinion Letters may also be needed for technology transfer and technology licensing projects, along with a set of applicable technology transfer and technology licensing contracts and technology transfer and technology licensing agreements.
Our team of advanced patent attorneys assists clients with patent searches, drafting patent applications, and patent (intellectual property) agreements, including licensing and non-disclosure agreements. Advocate Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology, Intellectual Property & Corporate Laws. He is reachable at rd (at) patentbusinesslawyer (dot) com & @rdpatentlawyer on Twitter.
Quoted in and contributed to 50+ national & international publications (Bloomberg, FirstPost, SwissInfo, Outlook Money, Yahoo News, Times of India, Economic Times, Business Standard, Quartz, Global Legal Post, International Bar Association, LawAsia, BioSpectrum Asia, Digital News Asia, e27, Leaders Speak, Entrepreneur India, VCCircle, AutoTech).
Regularly invited to speak at international & national platforms (conferences, TV channels, seminars, corporate trainings, government workshops) on technology, patents, business strategy, legal developments, leadership & management.
Working closely with patent attorneys along with international law firms with significant experience with lawyers in Asia Pacific providing services to clients in US and Europe. Flagship services include international patent and trademark filings, patent services in India and global patent consulting services.
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