General Principles Of The International Technology Transfer Contract

Abstract

Technology is a scientific phenomenon with significant economic and social dimensions for states. It emerged with the advent of the industrial revolution in Europe and has gone through several stages related to production, services, technology manufacturing, information, and scientific and technical discovery. It has a direct and indirect impact on all sectors of a state. Accordingly, the international contract for technology transfer is considered one of the important policies adopted by both developed and developing countries to achieve development, relying on international cooperation and respecting a set of general principles for managing these contracts. This is especially important because the parties involved are, to say the least, seeking to achieve economic and financial interests, whether they are multinational companies or states.