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Technology Transactions law in Dhaka, Bangladesh deals with various aspects relating to the development, transfer, sharing, and use of technology. This includes, but is not limited to, tech-focused business deals, licensing of proprietary technology, technology warranty issues, and software agreements. As the capital city and economic hub of Bangladesh, Dhaka has seen a rapid surge in digital transformation and proliferation of tech companies which necessitates a solid foundation of laws to govern these technological transactions.
Being involved in the field of technology transactions could bring up a myriad of legal issues. These can range from drafting complex contract agreements to negotiating terms in technology licensing, or managing disputes about intellectual property rights. Professional legal advice is particularly important due to the complexity and potential implications of these types of violations. Whether you are a tech start-up, an established IT company, or just someone investing in tech businesses, a lawyer familiar with Technology Transactions law can help you navigate the intricate legal landscape in Dhaka.
Dhaka, being the technological hub, adheres to Bangladesh's national ICT Act, 2006 and its amendment in 2013, which has specific sections related to technology transactions. The Act details principles related to digital communication, electronic transactions, e-contracts, intellectual property rights, and the responsibilities and limitations of service providers. It also stipulates that all tech-based companies must comply with privacy and data protection laws when conducting business. In addition, the laws outline the legal penalties for cybercrime, unauthorized access, and infringement of intellectual property rights.
Technology transfer refers to the process of transferring skills, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities among governments, universities and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology.
The key law that protects intellectual property in Dhaka is the ICT Act, 2006 with its amendment in 2013. However, protections for intellectual property are also found in the Trademarks Act, 2009 and Copyrights Act, 2000.
An electronic contract is a contract compiled and signed in digital form. According to the ICT Act, these are legally binding in Dhaka and throughout Bangladesh, as long as they are undertaken in accordance with all other contract laws.
A technology transactions lawyer can help draft and review contracts, advise on intellectual property rights, help resolve technology-related disputes, assist in tech-focused business deals, and ensure your company is compliant with local and national laws.
A technology transactions lawyer will be able to guide your company on how to ensure you're compliant with all relevant laws. It can include creating privacy policies, developing data protection strategies and providing staff training.
For those seeking more information, the Bangladesh Association of Software and Information Services (BASIS) is a highly regarded institution. The High-Tech Park Authority also provides beneficial resources related to technology law. Books like 'Technology Law: A Guide for Interactive Media and other IT-based Companies' written by local authors also provide insightful knowledge.
If you need legal assistance in Technology Transactions, it's advisable to seek out a lawyer who specializes in this field. Prepare a detailed account of your situation or requirement before the meeting, this will help the lawyer give you the most pertinent advice.
