Despite these constraints, Bayh-Dole was generally considered a success. The legislation encouraged a significant transfer of technology from universities to the public by the private sector, which generated a net benefit to the public. Some of the agreements described above in the technology transfer agreements may affect the prices, quantities, qualities or varieties of goods and services, provided they are not properly compared to the set of rights that arise from intellectual property rights. Therefore, unreasonable conditions are not covered by the protection afforded in Section 3 (5) of the Competition Act 2002 and, therefore, the Competition Commission of India may be invited to review the anti-competitive agreement under Section 19 of the Competition Act 2002 and these agreements may be struck down. Technology transfer is the process by which a technology, know-how or organization developed by an individual, company or organization is transferred to another person, company or organization. Technology transfer is the term used to describe the processes by which technological knowledge moves within or between organizations. Technology can be transferred from one country to another, from one industry to another, or from a research laboratory to an existing or new company. Technology transfer leads to partners who pool their expertise to open new markets, market a new product or service, improve an existing product or process, and secure faster marketing of their products and services1. The activities of the parties are likely to advance the science already discovered, and the technology transfer agreement will need to look at who will retain the rights to any technology that comes out of progress. Any agreement must focus on compensation and risk distribution. The risk of loss is always a delicate situation.
The invention developed by a researcher is often related to health or medicine. If the product works properly, everyone will benefit.