High Technology: A Comprehensive Guide to Its Legal Definition
Definition & Meaning
The term high technology refers to advanced technologies that are at the forefront of innovation and development. These technologies include state-of-the-art systems in various fields such as computing, microelectronics, hydraulics, pneumatics, lasers, nuclear energy, chemicals, telecommunications, and more. High technology is primarily utilized to enhance productivity across multiple sectors, including manufacturing, communication, transportation, agriculture, mining, energy, and healthcare.
Legal Use & context
High technology is relevant in several legal contexts, particularly in areas related to intellectual property, technology transfer, and regulatory compliance. Legal professionals may encounter high technology in cases involving patents, trade secrets, and technology licensing agreements. Users may also find legal forms related to technology contracts and agreements on platforms like US Legal Forms, which can help them navigate these legal processes independently.
Real-world examples
Here are a couple of examples of abatement:
Example 1: A company develops a new software application that uses artificial intelligence to optimize supply chain management. This application is considered high technology due to its advanced algorithms and data processing capabilities.
Example 2: A medical device manufacturer creates a laser-based surgical tool that improves precision in operations. This tool represents high technology in the healthcare sector. (hypothetical example)