Technologic Contracts By:Yulieth Guzman

Technologic Contracts By:Yulieth Guzman

1. In a changing global market, intangible assets create strong competitive advantages. As part of its management the enterprises must consider different factors whether they are technology developers or customers.

2. Technology sector professionals are required to lead digital transformation processes along organizations, therefore, it is important to be able to analyze advantages, disadvantages and opportunities from the use of different types of technologic contracts to carry out a negotiation and commercialization processes

3. According to the technologic object, the technologic contracts are clasified in:

   • Software Contracts
     • software bought in stores with an established contract form that can’t be modified:
       • Contract to grant a license for using the specialized and customized software: Turnkey contract Contract to supply Software implementation services Contract to supply Software maintenance services Contract to supply Software development services
   • Hardware Contracts
     • Hardware contracts are more easy to define given that there is a tangible object to trade. The following are the must common contracts:
       • Contract of sale Contract of test and purchase Contract of lease Contract of financial lease
   • Licensing Licensing is one of the must common mechanism used to transfer technology.
     • The element of property to be licensed The entity to whom the property is being licensed The geographic extent of the license The commercial extent of the license The duration
   • Licensing Agreement Depending on the bargaining power of the parties and the technology involved, the license can be granted by an agreement, but terms can vary widely according to the following elements:

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