What are the factors to be reckoned while defining technology in the licensing agreement ?

Certain factors to be considered while defining the technology in the licensing agreement include: Type of the technology i.e. product, process, facility, software, formula, etc.; Need for additional license for practicing the technology; Industrial standards or specifications associated with the technology; and Details required practicing the technology. Other factors that need to be considered for a successful technology licensing are: Owner/s of the technology; Nature of ownership; Other non-exclusive or exclusive licensing associated with the technology; Assistance required from the licensor to further develop or practice the technology; Other IPRs such as trademark, copyright, trade secret, etc. associated with the technology; Terms and value of royalty, etc.