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.