To sell their products or processes, firms frequently transfer technology. For example, it's possible that one corporation developed the technology while another promoted it. Typically, a parent firm will hold two or smaller businesses and oversee Intellectual Property (IP) transfers.
Transferring Intellectual Property technology benefits both parties involved. Whether individuals or organizations, inventors get to see and profit from their technology when they might not have been able to do so independently. Countries that have not made significant advances in research and technology can profit from the advances of others. Companies who wish to compete in specific sectors but lack the financial resources to undertake research and development might buy and sell fully established technologies.
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