Dispute of technology transfer contract

The process of technology transfer is a complex one and requires specialized knowledge and experience in this area.  A few important issues are:

1. Technology transfer is unlike acquiring machinery or raw materials or any such commodity.  It is not a one time relationship, as is generally in such cases, but a long one.  

2. A technology package has many components such as design parameters, operation process parameters, quality control, material specifications, training, research and development aspects, and many more. Acquiring them as a package  or otherwise is rather complex.

3.  Changes in technology, in future, are not known, but they need to be negotiated and decided upon now.

4.  There are no standard or published price lists for technologies

5.  It is difficult to ascertain sources  of technology suppliers and their quality of technology

6.  There may be a tendency of technology suppliers to off load that technology, the products from which may not be remunerative.  In other words there is a danger of a technology being supplied which is obsolete or is going to be obsolete soon.

7.  It may be difficult to precisely evaluate technology.

 The ttechnology transfer contract is easily disputes because of its complex aspects and the consequences will be enormous to the company's manufacturing operations if the dispute is not resolved by consulting the experienced legal experts.