A Technology Transfer Agreement involves the transfer of proprietary technology or know-how from one party (the licensor) to another (the licensee). It grants the licensee the right to utilize, develop, or commercialize the technology for specified purposes, subject to defined terms and conditions. This agreement facilitates the exchange of valuable technical knowledge, innovations, or research outcomes between parties, enabling the licensee to leverage the transferred technology for business purposes while ensuring legal protection and compliance with intellectual property rights.

Technology Transfer Agreement forms a balance between protecting the licensor’s intellectual property assets and enabling the licensee to utilize those assets for mutually beneficial purposes. The terms of the agreement should be negotiated and documented to ensure clarity and enforceability of the granted rights.