Use this template to create a Technology Transfer Agreement between the owner of certain technology and know-how (grantor) and a manufacturer (licensee). The owner grants an exclusive license for use, within a defined territory, in order to allow the licensee to manufacture and sell certain products within the territory. Provisions of the agreement include:

• The owner will provide all required technology, training and technical assistance.
  
• The licensee will pay the owner a royalty on each sale of products within the territory.
  
• Either party may develop improvements to the products, and must disclose such improvements to the other party.
  
• On improvements developed by the licensee, the owner will have the exclusive royalty-free license outside the territory, and the licensee will have the exclusive royalty-free license inside the territory.
  
• The parties will jointly perform verification tests on the products.

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