Registration of Technology Transfer Agreements in Nigeria with NOTAP

Registration of Technology Transfer Agreements in Nigeria with NOTAP

August 08, 2022

NOTAP stands for the National Office for Technology Acquisition and Promotion. The following documents are required for the registration of imported Technology in Nigeria;

  • Completed Application Form, NOTAP Questionnaire, and TAA Pre-Qualification Form.
  • Draft Copy of the Technology Transfer Agreement to be Registered.
  • Company’s Memorandum and Article of Association.
  • Certificate of Incorporation.
  • Completed Monitoring Form (where applicable).
  • Annual Report.
  • Tax Clearance Certificate and Tax Identification Number (TIN).
  • Performance Bond for Advance Payment.
  • Engineering Drawings, Feasibility Study, Report where applicable.
  • Approval\Licenses Obtained from Appropriate Authorities and Bodies.
  • Transferor/Licensor Profile.H

Procedure for Registering TTA (Technology Transfer Agreement)

Step 1 – The applicant has to obtain the Application Form, sends in the completed Form for filing accompanied by copies of TTA and the above listed required documents, and pay the prescribed fee for initiating the application. This should be done within 30 days from the date of execution of the Transfer Agreement.

Step 2 – This involves the screening of the required documents, evaluation, and analysis of the TTA by NOTAP. The agreement is evaluated from the legal, economic, and technical perspectives, It must comply with the Guidelines for Registration of TTA.

Step 3 – Upon compliance with all the criteria and payment of the prescribed fee, the schedule officer will verify and resubmit the file for clearance. Where the agreement is not in compliance with the criteria, the agreement will be recommended for review, the applicant is to respond and re-submit the amended agreement(s), where no issue is raised or issues raised have been appropriately responded to, a letter of approval will be issued indicating the amount to be paid as registration fee and for submission of 2 certified copies of the agreement one of which must be the original copy for processing, after which the approved agreement will be stamped and a Certificate of Registration issued.

Step 4 – this stage involves the collection of Certificate of Registration, this will be issued to the applicant along with the original copy of the Transfer Agreement certified by the office at the Director general’s Office, while the second copy is filed in NOTAP for record purposes.

Step 5 – After issuance of the Certificate, the applicant is to proceed to his bank for confirmation of reasonableness and remittance of the prescribed fee, the bank will request that NOTAP confirms the authenticity of the certificate and the appropriate fees to be paid.  NOTAP has to issue a letter of confirmation, it is usually forwarded to the applicant along with the CTC of the Certificate of Registration.

Processing Registration of TTA from the date of filing to the issuance of confirmation of reasonableness takes an average of 60 Days.

Finally, it is worthy to note that additional requirements may be requested for specific types of TTA, however, the main procedure and requirements for registration of TTA with NOTAP are as stated above.

Team 618 Bees

 

 

618 Bees can quickly and easily help you register your technology Transfer Agreement in Nigeria. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your application with NOTAP.

 

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached

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Frequently Asked

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 

  • What is the first thing I must do to register a business in Nigeria?

    To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account.

  • What is a testimonium clause in an agreement?

    This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.

  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time

  • What is data protection?

    Data protection is a legal process of protecting sensitive data.

  • Who benefits from copyright in Nigeria?

    The creator of the original copyright work (the Author) is the one who benefits but he can transfer his right to a third party.

  • What are the product categories available when registering with NAFDAC?

    The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water

  • What’s the difference between a business name and an LLC?
    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 

  • Does a trademark search automatically reserve my trademark name?

    No, a trademark search does not automatically reserve that which is sought to be trademarked. A search ascertains whether that which is sought to be trademarked is available or violates any existing trademark.

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