The Technology Sharing Agreement is a vital legal instrument used when organizations need to formally establish terms for sharing proprietary technology, technical know-how, or intellectual property. This agreement type is particularly relevant in Hong Kong's dynamic technology sector, where cross-border technology transfers and collaborations are common. The document addresses key aspects such as scope of use, intellectual property rights, confidentiality, technical support, and commercial terms, while ensuring compliance with Hong Kong's legal framework including its intellectual property laws, data privacy regulations, and competition laws. It is commonly used in situations involving technology transfer between companies, research collaborations, joint ventures, or strategic partnerships where technology sharing is a crucial component.
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1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Technology Sharing: Detailed description of the technology being shared and permitted uses
5. License Grant: Terms of the technology license, including territory, exclusivity, and duration
6. Intellectual Property Rights: Ownership and rights related to the shared technology, including improvements
7. Confidentiality Obligations: Protection of confidential information and trade secrets
8. Implementation and Support: Technical support, maintenance, and implementation assistance
9. Commercial Terms: Payment terms, royalties, and other financial considerations
10. Warranties and Representations: Warranties regarding technology ownership, performance, and non-infringement
11. Limitation of Liability: Limitations on parties' liability and indemnification provisions
12. Term and Termination: Duration of agreement and termination circumstances
13. Dispute Resolution: Process for resolving disputes, including governing law and jurisdiction
14. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement
1. Joint Development Rights: Include when parties will collaborate to develop new technology or improvements
2. Training and Knowledge Transfer: Include when technical training or knowledge transfer is required
3. Export Control Compliance: Include for cross-border technology transfers
4. Source Code Escrow: Include when software source code needs to be protected via escrow
5. Data Protection and Privacy: Include when technology involves processing personal data
6. Quality Control: Include when specific quality standards must be maintained
7. Performance Metrics: Include when specific performance standards must be met
8. Localization Requirements: Include when technology needs to be adapted for local market
1. Schedule 1 - Technical Specifications: Detailed technical specifications of the shared technology
2. Schedule 2 - Licensed Technology: Comprehensive list of all technology components being shared
3. Schedule 3 - Payment Terms: Detailed payment schedule, royalty calculations, and financial terms
4. Schedule 4 - Implementation Timeline: Milestones and timeline for technology implementation
5. Schedule 5 - Support Services: Details of technical support and maintenance services
6. Schedule 6 - Authorized Users: List of authorized users and access levels if applicable
7. Appendix A - Security Requirements: Security protocols and requirements for technology usage
8. Appendix B - Documentation Requirements: Required technical and user documentation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Biotechnology
Manufacturing
Research & Development
Healthcare Technology
Financial Technology
Telecommunications
Automotive
Aerospace
Electronics
Education Technology
Clean Technology
Artificial Intelligence
Internet of Things
Relevant Teams
Legal
Research & Development
Information Technology
Intellectual Property
Commercial
Technical Operations
Product Development
Compliance
Business Development
Innovation
Engineering
Strategy
Risk Management
Relevant Roles
Chief Technology Officer
Legal Counsel
Intellectual Property Manager
Technology Transfer Officer
Research Director
Head of Innovation
Commercial Director
Licensing Manager
Chief Legal Officer
R&D Manager
Technical Project Manager
Chief Information Officer
Head of Product Development
Compliance Officer
Business Development Manager
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