Arbitration Or Litigation? A Highlight On Technology Transfer Contracts

Technology Transfer Contracts became one of the most vital controlling economic tools used by developed countries - owners of technology- over developing countries in a New Economic Global Order, which relies on the technological gap between developed and developing countries to control the economy worldwide, while developing countries consider these contracts the only tool for satisfying their needs of development at all levels.

Technology is defined from an economic perspective as the group of new knowledge, skills and expertise, which can be inverted to production processes or can be used for the production of goods and the rendering of services, whereas Technology is not the science itself though it is the applicable science.