Guam Technology Transfer Agreement, also known as GTA, is a legal agreement that facilitates the transfer of technology from one entity to another in the U.S. territory of Guam. This agreement enables the exchange of knowledge, expertise, and technological innovations for the purpose of promoting economic growth and development on the island. The primary objective of the Guam Technology Transfer Agreement is to foster collaboration between government, academia, and industries to enable the transfer of technology-related assets, including patents, copyrights, trade secrets, know-how, and licenses. The agreement aims to harness the potential of technology to benefit the local economy by encouraging innovation, research, and development activities in Guam. Under the Guam Technology Transfer Agreement, there are several types of agreements that can be established, depending on the nature and scope of the technology being transferred: 1. Licensing Agreement: This agreement grants a licensee the right to use the technology, intellectual property, or expertise of the licensor in exchange for royalties or other financial considerations. 2. Research Collaboration Agreement: This type of agreement focuses on jointly conducting research activities to develop new technologies or enhance existing ones. It involves collaboration between institutions, researchers, and private entities. 3. Material Transfer Agreement: This agreement involves the exchange of tangible research materials between parties. It outlines the rights and responsibilities related to the transfer, use, and ownership of the materials. 4. Cooperative Research and Development Agreement (PRADA): A PRADA is typically established between a government laboratory and a private entity or multiple entities. It facilitates the joint development and commercialization of technologies, combining the resources and expertise of both parties. 5. Confidentiality Agreement: This agreement ensures the protection of proprietary or sensitive information during technology transfer. It establishes legal obligations for both parties to maintain confidentiality and safeguard intellectual property rights. The Guam Technology Transfer Agreement fosters economic diversification, encourages entrepreneurship, and promotes technology-driven industries on the island. It aims to attract investment, create job opportunities, and enhance the competitiveness of Guam's economy. By providing a framework for technology transfer, the agreement facilitates the growth of local industries and helps establish Guam as a hub for technological innovation in the Pacific region.
Guam Technology Transfer Agreement
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Technology transfer (TT) refers to the process of conveying results stemming from scientific and technological research to the market place and to wider society, along with associated skills and procedures, and is as such an intrinsic part of the technological innovation process.
It allows U.S. universities, small businesses and non-profits to retain title to their inventions. The government retains a right to use the technology. Previously, the government owned the intellectual property rights to these inventions funded by the government.
A technology agreement, sometimes called a technology service agreement, is a legal document usually used between a company and a technology service provider to outline the rights and responsibilities of both parties as they enter into a business relationship.
Examples of technology transfer can be found across virtually every scientific and industrial area, from pharmaceuticals and medical devices to alternative energy solutions, computing, transport, artificial intelligence, robotics, agriculture, aerospace, environmental improvements and many more.
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.
Technology transfer can be broadly classified into vertical and horizontal technology transfer.
Technology transfer is the process by which knowledge,, intellectual property and capabilities developed at its centres/units and elsewhere, utilising ISRO's resources are transferred to external entities including industries in the public and private sector, academia and State I Cehtral Government organisations.
Technology transfer agreements can be bifurcated into vertical and horizontal technology transfer. Vertical Technology Transfer is when there is a conduction of new technologies from a new range of technology while the technology is still exploration and advancement.
TECH TRANSFER AGREEMENTSCooperative Research and Development Agreement (CRADA)Facility Use/Service Agreement (FUSA)License Agreement (LA)Material Transfer Agreement (MTA)Technical Assistance Agreement (TAA)