International technology transfer involves the movement of technologies across borders, usually from developed to developing countries. It includes the transfer of skills, knowledge, and manufacturing methods. Companies transfer technology for reasons such as lack of manufacturing or marketing capacity, resources, or to form partnerships to commercialize innovations. Licensing and franchising are common methods of technology transfer. Licensing grants permission to use intellectual property while franchising also transfers a business model. Transferred technologies must respect intellectual property rights like patents, trademarks, and copyrights protected by international agreements and courts.