Are there any restrictions on the transfer of technology and know-how to Chinese nationals?

Yes, there are restrictions on the transfer of technology and know-how to Chinese nationals in Indiana under the China Business Ventures Law. The law states that the transfer of technology and know-how must be approved by the Indiana Economic Development Corporation (IEDC). The IEDC must also take into account the interests of Indiana citizens and businesses when making its decision. The law also requires the IEDC to consider the security of the intellectual property of the state and the potential impact of the transfer on the potential competitive advantage of Indiana businesses. In addition, the law also requires the IEDC to consider the relative benefits and risks to Indiana businesses if the technology and know-how were transferred and the extent to which the transfer could be economically beneficial to Indiana. The IEDC must also assess the potential benefits of the technology and know-how transfer to the Chinese nationals and businesses. All of these criteria must be evaluated before the IEDC can approve the transfer. The China Business Ventures Law also requires the IEDC to provide written notice to all affected parties of its decision to approve or deny the transfer. This is done to ensure transparency and fairness in the decision-making process. Finally, the law also requires that the IEDC provide all affected parties with an opportunity to appeal the decision in writing.

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Are there any restrictions on the transfer of technology and know-how to Chinese nationals?

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