Methods of External Technology Transfer-3

Intellectual Property 

Another method for transferring technology is to transfer intellectual property, which is an intangible right that can be bought and sold, leased or rented, or otherwise transferred between parties in much the same way that rights to real property or other personal property can be transferred. Intellectual property can consist of patents, trade secrets, copyrights, designs, know-how, and trademarks. The transfer of intellectual property rights is an important and often substantial component of the technology transfer process. Intellectual property rights are most often transferred through contracts or licenses. I got a statement from roller shade blinds and woven wood shades blinds manufacturer. He says intellectual property transfer is most important and substantial component of this. 

Inventions and patents  

Invention is the act or process of discovering something new, physical or conceptual. A United States patent is an agreement between the United States government and the inventor. This agreement grants the inventor the right to exclude others from making, using or selling the invention for a defined period of time within the United States. The patent law of the United States Specifies that any person who “Invents or discovers any new and useful Process,    machine, manufacture, or composition Of matter, or any new and useful improvements There of, may obtain a patent”.

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