Abstract: 

Biotechnology has been in the spotlight for decades now and it has revolutionized the production specifically industry relating to agriculture, pharmaceuticals for health and nutrition and environment. This science holds a lot of significance because it holds the power to solve world’s intractable problems concerning the abovementioned industries. The nuances of this area are wide, and the issues pertaining to patenting the life forms explicitly “Genetically Modified Crops” are huge in nature. There is the question of patenting processes that are involved with Biotech. Moreover, with the added benefits that the researchers have claimed, there are several questions like if they are safe for consumption and assessment of its effects on the international trade is also a question. Transfer of Technology (TOT) is a process which involves movement from one organization to another, the transfer consists of Data, Knowledge, Information like prototypes, software, trade secrets, designs, other materials including software and other technical know-how. The process of TOT is governed by the policies and practices of each organization. Under Normal circumstances, these technologies hold immense potential to be commercialized increasing their value in general and in the markets upon commercialization. Here an attempt is made to understand the legal implications, issues and solutions related to transfer of technology in respect to biotechnology.

Keywords: Biotechnology, Technology transfer, Genetically Modified Crops, Intellectual Property