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How to Exploit Your and Other People's IP through Technology Transfer & Licensing
In the 21st Century, technology is all about us - and technology today means ideas in all sorts of fields and not just what is conventionally seen as science. Increasingly, those who devise technology do not use it for a commercial purpose but rely instead on technology transfer, a process which matches technology, technology deviser and technology user in a way which aims to extract commercial value. For the process to work, however, what is basically a commercial process needs to meet a raft of legal pre-conditions to make it work properly - and in some cases, at all.
Technology transfer occurs when a developer of technology sells it to someone else, but more commonly refers to the licensing of another person to use it. There are a variety of reasons for licensing technology and a variety of fundamentally important factors which must be taken into account if the licensing is to be legally effective, practical and commercially successful. In this article we look at licensing in basic terms with people who are new to the subject firmly in mind.
Posted: 20 April 2006
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