Advantages Of Technology Transfer

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Technology transfer is the process of developing practical applications for the results of scientific research. Licensing agreement or setting up joint ventures and partnerships which are involved in technology transfer to share both risks and rewards of bringing new technologies to market. The core of technology transfer is to take basic scientific discoveries and make them into marketable products. So, public can gain advantages from the research as quickly and efficiently. To successfully establish technology transfer of a product, corporation should be confirmed that the technology underlying the invention is appropriately protected via Intellectual Property provisions. For example, patents, trademarks, design rights and database …show more content…

First is general channel which information is made available in public domain with limited or no restrictions on its use. Second is reverse engineering which is duplicate or enhance the object by take apart an object‘s process to see how it works. Normally used on computer hardware and software. Software reverse engineering involves reversing a program 's machine code back into the source code that it was written in, using program language statements. Third is planned channel in technology transfer is according to planned process and with the agreement of the technology …show more content…

The Franchisor would be believed to have committed an offense under the Franchise Act. In its application for registration the Franchisor must submit its application in a prescribed form, together with disclosure documents, a sample of the franchise agreement, the operation and training manual of the franchise and a copy of the latest audited accounts, financial statements and reports of the auditors and directors of the Franchisor. It is worth noting that a Franchisor is only considered eligible to apply for registration after having completed a minimum of 3 years in the operation of the franchised business in Malaysia .There have agreement between franchisor and franchisee under Franchise Act used to sale of any franchise follow some element. First, the franchisee operates a business according to a franchise system which is determined by the franchisor. Second, the franchisor allow to the franchisee to use trademarks and intellectual property rights. Third, the franchisor provides franchisee includes of training, marketing, business or technical assistance and supply of materials. Next, the franchisee pays a fee or some other non-financial consideration in return for the franchise. Lastly, the franchisee operates business separately from the

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