Technology Licensing Agreement India

Technology License Agreement: By a Technology License Agreement, the Licensor authorizes the Licensee to use the Technology on certain agreed terms. It is therefore a contract freely concluded between two parties, which contains conditions thus agreed. Therefore, if a small and medium-sized enterprise (SME) wants to improve the quality of its product or manufacture a new product using the rights of others in the form of a patent, utility model or know-how protected by a trade secret, the acquisition of these rights through a licensing agreement is the right solution. .

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