Transfer of Technology, Know-How and Trademark in Ukraine

Originally published in The Ukrainian Journal of Business Law, July–August 2009

"We live in a society exquisitely dependent on science and technology, in which hardly anyone knows anything about science and technology." - Dr. Carl Sagan

Due to globalization there is tough competition among producers and services providers in the global market economy. Under such conditions only companies able to offer better and outstanding products at a lower price will be really competitive and profitable. Thus, in order to survive, grow, compete and achieve their place in the market, it is essential and vital for companies to obtain rights to new IP objects and use new technologies by developing and creating their own technology or obtaining the latter from other companies.