Employee Inventions Agreement

Expand your business into the Indian market by partnering with an existing local company under this India Technical Collaboration Agreement.

• The contract is between an established Indian company (Indiaco) and a manufacturing company (Foreignco) which is opening a plant in India.
• Foreignco will provide the engineering and technical know-how, assistance, manufacturing skill, and other technical data and information necessary to build or acquire a manufacturing plant, procure equipment, select raw materials, and assemble and manufacture the products.
• Indiaco is responsible for procuring patents on its own inventions and improvements, and Foreignco will have the right to use those inventions and improvements in other countries outside India.
• All taxes payable under the Agreement will be paid by Foreignco.
• Foreignco guarantees that the technical know-how will enable Indiaco to successfully manufacture the products.