Replies to post #121052 on Lightwave Logic Inc (LWLG)

[XenaLives]

What is a Technology Transfer Agreement?
A technology transfer agreement is a legal contract used when a company, referred to as the licensor, licenses industrial or intellectual property rights to a licensee. Intellectual property subject to a technology transfer agreement can include:

Patents
Utility models
Trademarks
Copyright
Technical assistance
”Know-how”
A technology transfer agreement allows the licensor to retain ownership over the intellectual property while it is being licensed and utilized by the licensee. The agreement should define specific terms of how the property is to be used, the duration of use, and how the licensor is compensated.

https://www.contractscounsel.com/t/us/technology-transfer-agreement