Last week saw the European Commission adopting a revised regime in respect of technology transfer agreements. The new agreements will enable companies to better licence the use of patents, know-how or software held by another company for the production of goods and services. The new Technology Transfer Block Exemption Regulation (TTBER) and accompanying Technology Transfer Guidelines (Guidelines) will enter into force on 1 May 2014.
The TTBER and Guidelines will create a safe harbour for licensing agreements seeking to strengthen incentives for research, innovation and stimulate competition.