Assistance in agreeing with the licensor and licensee for transfer of technology based on following key terms
• Technical assistance to be rendered by the licensor • Training of the Licensee's Personnel and Delegation of the Licensor's Personnel • Transmission of Technical Information • Manufacturing Patent and Selling Rights
• Consideration • Improvements and Modification by the Licensee • Limitation of Liability • Standard of Quality : Designation of Contract Products • Secrecy
The main objective of the agreement is to provide a fair and level playing field to licensor and licensee with the protection of intellectual property right.