Define: Technology Development

How is Technology Development defined in a legal contract?

• Technology Development means strategically focused research towards creating technologies that are crucial for being competitive in the market. This term does not refer to basic research, but instead to products, devices, techniques, or processes that have moved beyond the theoretical stage and are either in a prototype stage or have been integrated into industry practices. Seen in 12 SEC filings
• Technology Development means the various services needed for online games provided by one party to another according to an agreement. This includes the production of data for online games operated by the recipient party. Seen in 7 SEC filings
• Technology Development means the process of evolving innovative products and processes through different stages. Seen in 5 SEC filings
• Technology Development means the application of scientific and technological knowledge to solve practical problems, especially within the context of industry and commerce. Seen in 3 SEC filings

Please note that these definitions are redacted versions of legal definitions, focusing on the core elements of the term's meaning. They are intended to be informative, not exhaustive, and legal advice should be sought for the full implications of each definition.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of technology development' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Technology Development means strategic research creating competitive products, moving from theory to industry practices.

Relevant Contract Types

• Research and Development Agreement
• License Agreement
• Joint Venture Agreement
• Technology Transfer Agreement

Relevant Circumstances

• When creating a new product or improving an existing one
• When initiating a research project
• When entering into a partnership for technological advancements
• When licensing intellectual property

Relevant Sectors

• Information Technology
• Artificial Intelligence
• Pharmaceuticals and Healthcare

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Genie Definition 2

Technology Development means the application of scientific knowledge to practical industry challenges.

Relevant Contract Types

• Consulting Services Agreement
• Technical Services Agreement
• Solution Agreement

Relevant Circumstances

• Hiring of consultants for problem-solving in industry
• Technical services procurement for operational challenges
• Procurement of a solution for industry-specific problems

Relevant Sectors

• Engineering and Construction
• Manufacturing
• Energy and Resources

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