The Technology-Transfer License is a license for the Licensee to produce products in accordance with GCCT "Global Composite Construction Technology" at a location specified in the license agreement.
The license is issued to a legal entity and is valid from the date of signature and for a period also specified in the license agreement.
The licensee has the exclusive right to market and sell the GCCT products on markets agreed in the license agreement and the licensor will not issue any licenses that could compromise the licensee's exclusive rights to those markets.
The license holder will continuously update the licensee on all technical developments regarding GCCT and all other information about the technology.
The Technology-Transfer License may be issued after the parties have entered into the negotiations and have signed the final binding agreement.