Overview of technology transfer agreements
In the context of global economic integration, technology transfer plays a crucial role in Vietnam’s socio-economic development. The adoption, application, and innovation of technology not only help businesses enhance their competitiveness but also optimize production processes and create high-value products. The Law on Technology Transfer 2017 was enacted to establish a transparent legal framework to regulate, coordinate and promote technology transfer activities in Vietnam. It also encourages businesses to engage in innovation and improve their access to advanced technologies. Among these legal frameworks, the Technology Transfer Agreement serves as an essential legal instrument, recognizing and safeguarding the rights and obligations of the parties involved in technology transfer. 1. Introduction to Technology Transfer Agreements A Technology Transfer Agreement is an agreement between parties in which one party (the transferor) transfers ownership rights or grants the right to us...