Technical Knowhow Agreement

CONSIDERING that the licensee has extensive know-how and technical information on the manufacture of these products and has qualified technical staff to assist in the communication of such known and technical information to a third party; 5. All information and information provided to Indian society is kept secret by Indian society and cannot be communicated directly or indirectly to others in India or outside India. The Indian company is insured by its employees, who are familiar with this know-how, appropriate agreements of secrecy of know-how and the supply of copies of this know-how to the foreign company. Because of its nature, the subject of a know-how contract is inserted into the category of an intangible asset and, because it deals with an asset, its owner can use it freely. Therefore, this type of agreement can be concluded in two forms: a licence or a transfer of rights. As can be seen, the know-how contract is intended to protect secret, technical and scientific knowledge or other types of data and contains confidentiality clauses to protect the potential secrecy of the knowledge transmitted, since it is not only punishable by a fine against the party who does not meet its conditions and does not comply with the terms of the contract. but also the termination of the contract. First of all, we should know the concept of know-how: majority teaching on the subject defines it as a set of secret, technical, scientific or otherwise practical knowledge, which results in competitive advantages for a company or a professional who uses it. 8.2. In view of the issuance of the licensee patent and other rights and the use of technical information and improvements, as well as the technical assistance provided in India, the licensee pays the licensee a fee of………% (………) % of the factory starting selling price of all products and parts of contractual products manufactured and sold by the licensee during the duration of this contract. article 13.1.