Transfer of Technology

CHENNAI3rd Floor, ‘Creative Enclave’,

148-150, Luz Church Road,Mylapore,

Chennai - 600 004.Tel: +91 - 44 - 2498 4821

BANGALORE Suite 920, Level 9,

Raheja Towers,26-27, M G Road,

Bangalore - 560 001.Tel: +91 - 80 - 6546 2400

COIMBATORE#1533, Trichy Road,

Coimbatore – 641018.Tel: +91 - 422 - 6552921

HYDERABADSuite 132 & 133,

Level 1, Midtown, Road No 1, Banjara Hills,

Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]

WEBSITEwww.altacit.com

TRANSFER OF TECHNOLOGY

T.S.SundaramSASTRA University



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


TERMINOLOGY

•The Black’s law dictionary technology transfer is defined as “Assigning technological intellectual property that is developed in one place and sending it to another by legal means”, “Process of turning technological and scientific advances into a marketable service or good“

•The modus operandi of technology transfer is applying and exploiting the technology which was developed elsewhere

http://thelawdictionary.org/marketable/



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


METHODS FACILITATING

TRANSFER •Firstly from laboratory or scientific establishment to the students of technology;

•secondly is way of general knowledge of production of the product;

•thirdly when new technology is introduced in the market;



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


•the fourthly by commercial transfer;

• The other possible way is by licensing the technology for a limited period of time on payment of royalties or fees.



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


PROS & CONS OF TECH TRANSFER

•PROS:•Sustainable growth•Competitive advantage for a

company or firm •Give rise to new products with

public and private needs in mind leading to fresher and larger market



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


•Helps to enter foreign markets with ease, reduces costs and risks

• A more efficient way to do things, and these processes get results

• Helps in research & development (R&D)



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


CONS:•increases the human

dependency on machines for their daily survival

•leads to automation in a lot of sectors

•which leads drastic reduction of employment rate



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


FINANCIAL IMPLICATIONS OF

TRANSFER•Transfer of technology gives rise to consideration which is liable to be taxed

•Technology is transferable as Tangible assets, intangible property and knowledge and skill.



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


•This transfer may take place by change in ownership (or) licensing (or) by providing the service for which the payment is in form of sale price in money (or) type of recurring payment (or) of fees for service rendered.



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


Hence tax on transfer of technology can be

charged under:

• Business profits

• Fees, rents and royalties

• Dividends and capital gains

• Employee salaries



Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


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Chennai - 600 004.Tel: +91 - 44 - 2498 4821



Bangalore - 560 001.Tel: +91 - 80 - 6546 2400


Coimbatore – 641018.Tel: +91 - 422 - 6552921



Hyderabad - 500034. Tel: +91 - 40 - 6050 6009

[email protected]


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Date post:	21-Feb-2017
Category:	Law
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Transfer of Technology

Law