Technology Transfer

Model Agreements

 

Model Technology Transfer Agreement

 

By the Government of the Republic of Korea

 

 

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THIS AGREEMENT, made and entered into on ......................... of ( ) ( ) by and between ( ), a corporation organized and existing under the laws of ( ), having its main office and place of business at ( ) (hereinafter referred to as “Licensor”) and ( ), a corporation organized and existing under the laws of ..., having its main office and place of business at ... (hereinafter referred to as “Licensee”).

 

 

 

 

WITNESSETH

WHEREAS, Licensor has long been engaged in the manufacture and sale of ( ) Products (hereinafter referred to as “the Licensed Products”); and

WHEREAS, Licensor has acquired and possesses valuable technical information on the design, manufacture, erection and use of the Licensed Products; and

WHEREAS, Licensee desires to obtain, and Licensor is willing to grant, the right and license to manufacture, use and sell the Licensed Products utilizing technical information furnished by Licensor.

NOW, THEREFORE, in consideration of premises and covenants hereinafter set forth, the parties hereto agree as follows:

 

 

 

 

Article 1. Definitions

As used in this Agreement, the following terms have the following meanings respectively;

1. “Licensed Products” mean as mentioned below. As to details of the Products, the stipulation of Appendix hereto shall apply.

2. “Technical Information” means all the technical knowledge, know-how, standard calculations, data and information developed or otherwise generally used by Licensor pertaining to the manufacture, use and sale of the Licensed Products.

3. “Contract Territory” means the territory subject to (country).

4. “Industrial Property Rights” mean any or all rights under patents, utility models and application therefore presently owned or hereafter acquired by Licensor and/or which Licensor has or may have the right to control or grant license thereof during the term hereof and which are applicable to or may be used in manufacture of the Products. ( )

5. “Licensed Trademarks” shall mean the trademarks which are specified in Appendix ( ) hereto.

 

 

 

 

Article 2. Grant of License

1. Licensor hereby grants to Licensee (an exclusive, a non-exclusive) right to manufacture, use and sell the Licensed Products using the Industrial Property Rights and Technical Information furnished by Licensor in the Contract Territory.

2. Licensor hereby grants to Licensee (an exclusive, a non-exclusive) right to sell the Licensed Products to any country in the world (except).

Article 3. Sales and Information

1. Upon written request of Licensee, Licensor shall furnish Licensee with necessary drawings, technical data and price information on a breakdown basis in order to enable Licensee to prepare quotations, in so far as such information is currently available from Licensor.

2. To assist Licensee in selling the Licensed Products, Licensor will furnish Licensee with one complete set of current materials generally used for sales promotion, such as brochures, catalogues and technical data available from Licensor, which cover the entire range of the Licensed Products.

 

 

 

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