Technology Transfer
/ˈtɛknɒlədʒi ˈtrænsfɜr/
Definitions
- (n.) The legal and procedural process of transferring technology rights, knowledge, or innovations from one party, such as a research institution, to another, often through licensing or assignment.
The university negotiated a technology transfer agreement to license its patented drug formula to a pharmaceutical company.
Related terms
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Commentary
Usage often focuses on agreements enabling commercialization of inventions originating in academia or government research; clarity in contract terms is essential to define scope and rights transferred.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.