Transfer Agreement Clause

1.1 The assignor transfers all shares to the purchaser in absolute terms, taking into account the amount mentioned in point 2. An MTA shows how the recipient can and can use the material. Normally, the MTA contains an empty space for the researcher to include a description of the use of the research with the material. Sometimes an MTA has a separate appendix with a very detailed description of the proposed search operation. An MTA generally prohibits the recipient from using the materials on any other than the original search. As a general rule, an MTA also prohibits the supplier`s equipment from being tested on humans and used in plants and animals that are consumed as food. Other prohibitions may include the use of material in research that has IP obligations to third parties, or with other third-party materials, or the transfer of material to third parties or even to other researchers within the recipient`s institution. Finally, most MTAs have prohibitions on equipment intended for commercial use. PandaTip: When the transferred shares are sold, the “transferor” means the seller and the “seller” the buyer. 1. This MTA includes materials transferred prior to the entry into force of the International Treaty on Plant Genetic Resources for Food and Agriculture. The contract provides that the Africa Rice Center (WARDA) will enter into an agreement with the treaty`s governing body after the contract enters into force. Africa Rice Center (WARDA) has announced its intention to conclude such an agreement with the government body.

In accordance with the treaty, this agreement provides for new agreements and arrangements for the distribution of benefits for materials transferred after the agreement enters into force. The recipient is notified that MTA details, including the identity of the recipient, are made available to the public. 5.12 This share transfer agreement may be carried out in more than one language between the parties and, in the event of a conflict between the various translations of this share transfer agreement, the English version prevails. In practice, compliance with EU data protection legislation also means that customers need fewer authorisations from individual authorities to transmit personal data outside the EU, since most EU Member States do not need additional authorisation if the transfer is based on an agreement in accordance with the standard clauses. PandaTip:If the transferor or transfer holder are natural persons (not businesses), you should amend the above clause as follows: “[TRANSFEROR NAME] (the “transferor”) owner of the [TRANSFEROR ID DOCUMENT] number [TRANSFEROR ID Number] and resident of [TRANSFEROR ADDRESS].” Overall, the transfer of materials between researchers has grown increasingly difficult and it seems that the open exchange days of materials, particularly from industry researchers to university researchers in life sciences, are over. While some areas of free trade continue to thrive and some promotion agencies and foundations actively encourage open exchange of materials, these become exceptions rather than rules. Both universities and private companies have legitimate interests in assisting them in making in-kind transfers. If these interests conflict, it can be difficult to find common ground.

However, the common interest of private research-based enterprises and universities is to support research progress; And if both parties monitor this overall objective, hardware transfers are generally possible.