International Know-How Agreement
Index of the contract
In the International Know-How License Agreement, a company (Seller) transfers to another company located in a different country (Buyer) the set of technical knowledge necessary to carry out a production process, as well as the necessary technical assistance and even certain materials and components. Companies use this kind of contracts to make the most of their R&D&I knowledge, especially in the industrial sector, but also in the service sector.
In this Agreement, intangible assets that belong to the field of industrial and commercial trade secrets are assigned, although these secrets cannot be patented, since in that case the International Manufacturing License Agreement, used to assign the use of a duly registered Intellectual Property Right (patent, utility model, copyright, etc.), must be used.
The Agreement defines the territorial scope (usually a country) whereby the company acquiring the Know-How is granted the exclusive rights for the use of the transferred know-how. It also includes a confidentiality clause that protects the information provided, and provides for compensation in the event of non-compliance.
The language of this contract is English. It is also available in Spanish.