ROLE OF TECHNOLOGY TRANSFER OF INTELLECTUAL PROPERTY IN ECONOMIC GROWTH OF A NATION

AUTHOR – RISHITA SUMIT GHOSH, STUDENT AT MAHARASHTRA NATIONAL LAW UNIVERSITY, NAGPUR

BEST CITATION – RISHITA SUMIT GHOSH, ROLE OF TECHNOLOGY TRANSFER OF INTELLECTUAL PROPERTY IN ECONOMIC GROWTH OF A NATION, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (2) OF 2024, PG. 1419-1422, APIS – 3920 – 0001 & ISSN – 2583-2344

Abstract

Intellectual property rights have given an assurance and impetus to technology creators by giving an exclusive right. However, this exclusive right of intellectual property was modernized by TRIPS agreement which made technology as a tradable commodity, simultaneously giving rise to transfer of intellectual property rights with such technological exchanges. However, with the rampant rise in technological development, it is important to study and analyse the impact of technology transfer and exchange of intellectual property rights through technology transfer agreements on the economy of a nation.

Keywords- Intellectual property, Technology transfer agreements, Licensing, uncompetitive market, negotiation skills