Transfer of Technology
The National Office of Industrial Property Act was promulgated in 1979 with the stated objective inter alias of monitoring, on a continuous basis, the transfer of foreign technology to Nigeria. The administration of the Act was entrusted to the National Office of Industrial Property which was recently renamed as the National Office of Technology Acquisition and promotion ("NOTAP"). NOTAP concerns itself with examining the quality of imported technology with a view to determining its price and to check fairly obvious abuses. In other words, the principle concern of NOTAP is to register contracts/agreements which deal with the transfer and acquisition of foreign technology. The obligation to ensure that proper registration is effected, is both on the licensor and licensee of such technology.