What regulations apply to the transfer of technology and know-how to Chinese entities?

In Maryland, technology and know-how transfer to Chinese entities are subject to the Maryland China Business Ventures Law. This law requires that the transfer of technology and know-how to Chinese entities be approved by the Maryland Department of Business and Economic Development or its delegate. The criteria for approving such transfers are based upon a determination that the Chinese entity will not use the transferred technology or know-how for any purpose that would threaten the security or economic interests of the United States. In addition, the Chinese entity must provide evidence that the technology or know-how will be used solely for legitimate business purposes. Furthermore, the technology or know-how transferred to a Chinese entity is subject to restrictions and limitations imposed by the Chinese government. The technology or know-how must also be compliant with applicable U.S. laws and regulations, and the Chinese entity must ensure that all confidential information disclosed is subject to appropriate security measures. Finally, the transfer of technology or know-how to Chinese entities must also be approved by the Chinese government, and the Chinese entity receiving the transfer must be approved by the Chinese government to receive such technology or know-how. These regulations are imposed to ensure that the technology or know-how is not used in a manner that is detrimental to U.S. security interests or economic interests.

Related FAQs

What is the process of resolving disputes in China?
What laws apply to the operation of banks and financial institutions in China?
Are there any restrictions on the repatriation of dividends from Chinese companies?
What is the process for establishing a joint venture with a Chinese company?
What regulations apply to the transfer of technology and know-how to Chinese entities?
What is the legal process of starting a business venture in China?
What laws govern the sale and distribution of products in China?
What restrictions and limitations apply to foreign entities operating in China?
What terms and conditions apply to commercial leases in China?
How are trade disputes handled in China?

What regulations apply to the transfer of technology and know-how to Chinese entities?

Related FAQs

Related Blog Posts