Technology Transfer Agreement

Do you own certain technology and know-how which will be used in the manufacture of various products? Grant the manufacturer an exclusive license to use the technology with this Technology Transfer Agreement.

The manufacturer has the right to use the technology and know-how within a defined territory, in order to manufacture and sell certain products.
The owner will provide all required technology, training and technical assistance.
The manufacturer will pay the owner a royalty on each sale of products within the territory.
Either party may develop improvements to the products, and must disclose such improvements to the other party.
On improvements developed by the manufacturer, the owner will have the exclusive royalty-free license outside the territory, and the manufacturer will have the exclusive royalty-free license inside the territory.
The parties will jointly perform verification tests on the products.

This Technology Transfer Agreement template is provided in MS Word format, and can be easily edited to fit your specific circumstances.