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The EU Commission adopts a new block exemption on technology transfer agreements

"Technology Transfer: the new Regulation"* At the end of January this year, the Commission finally adopted the new block exemption on technology transfer agreements (Commission Regulation EC No 240/96). The new regulation came into force on 1st April 1996 and remains in force for a period of ten years. It is the result of a long consultation process with Member States, the other institutions, representatives of industry and other interested parties. The objectives of the new rules together with their substantive provisions are outlined below. ENCOURAGING TECHNOLOGY TRANSFER The new rules reflect the Commission’s aim of encouraging the dissemination of technical knowledge in the Community and promoting the manufacture of technically more sophisticated products. It sees the role of

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Chris Mitropoulos, The EU Commission adopts a new block exemption on technology transfer agreements, 31 January 1996, e-Competitions January 1996, Art. N° 39581

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