Definition
Transfer of technology refers to the process of transferring technological knowledge, expertise, or intellectual property rights from one entity to another. It involves licensing, joint ventures, strategic partnerships, technology transfer agreements, and collaborative research and development initiatives aimed at sharing innovations, accessing new markets, and enhancing capabilities. Transfer of technology enables companies to leverage external resources, accelerate innovation, and gain competitive advantages in the global marketplace.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.