The creation or inclusion of new technologies has become an important element for companies to improve or maintain their competitive position in the market. Companies operating in price-only competition sectors, such as .B extraction or marketing of raw materials, can rely on new technologies to improve their efficiency in extracting raw materials, improving their production processes or acquiring new machinery and equipment. They can also use new technologies to better market their products or improve their management structure, control and communication. In other sectors where the market is constantly evolving, new products with new features or designs appear regularly, companies are forced to develop innovation through the acquisition or development of new technologies. Technological innovation is therefore an essential part of the competitive strategy of any large or small, high-tech or low-tech. Foreign companies also show great interest in India`s trade in technology and services, which has drawn attention to intellectual property issues. The gradual integration of domestic and international markets through gradual deregulation and market liberalization has increased competitive pressure on all businesses and, in particular, increased the technological needs of small businesses around the world, while improving their access to new technologies and capital goods. 1. Overview of the contractual technology transfer agreements, www.wipo.int/export/sites/www/sme/en/documents/pdf/technology_transfer.pdf (the last appeal given on February 20, 2014) The legal relationship between the ceding and the assignor is essentially contractual in nature, i.e. the technology transferor accepts the transmission and acquisition of the rights, authorization or know-how in question. There are different legal methods and regulations by which technology can be transferred or acquired, for example. B by the sale or transfer of IP or license rights.