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Technology transfer (TT), also called transfer of technology (TOT), is the process of transferring (disseminating) technology from the person or organization that owns or holds it to another person or organization, in an attempt to transform inventions and scientific outcomes into new products and services that benefit society.
Outsourcing is a business practice in which companies use external providers to carry out business processes, that would otherwise be handled internally. [1] [2] [3] Outsourcing sometimes involves transferring employees and assets from one firm to another.
Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring. [ 1 ]
Secondment is the temporary assignment of a member of one organization to another organization. In some jurisdictions, [e.g., India] such temporary transfer of employees is called "on deputation". In some jurisdictions, [e.g., India] such temporary transfer of employees is called "on deputation".
Knowledge transfer icon from The Noun Project. Knowledge transfer refers to transferring an awareness of facts or practical skills from one entity to another. [1] The particular profile of transfer processes activated for a given situation depends on (a) the type of knowledge to be transferred and how it is represented (the source and recipient relationship with this knowledge) and (b) the ...
Key takeaways. A mortgage transfer is when another person or an entity takes over your existing mortgage. Most mortgages are not transferable, but lenders may approve a transfer in a few situations.
An assignment does not necessarily have to be made in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee. [1]
A second definition of a spin-out is a firm formed when an employee or group of employees leaves an existing entity to form an independent start-up firm. The prior employer can be a firm, a university, or another organization. [7]