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The Material Transfer Agreement For Commercial Use is essential when organizations need to transfer proprietary materials while maintaining control over their use and ensuring commercial benefits are properly shared. This document is particularly relevant in the Philippines, where specific regulations govern technology transfer, intellectual property rights, and biological resource usage. It becomes necessary when materials such as cell lines, compounds, software, or other proprietary materials are being transferred for commercial development or application. The agreement must comply with Philippine legislation including the Technology Transfer Act of 2009, the Intellectual Property Code, and relevant biodiversity laws. It typically includes detailed terms about material handling, commercial rights, benefit-sharing arrangements, and necessary government approvals, making it crucial for commercial research and development activities.
