Section 4: Functions of the National Office

Subject to section 2 (1) of this Act, the National Office shall carry out the following functions-(a) the encouragement of a more efficient process for the identification and selection of foreign technology;
(b) the development of the negotiation skills of Nigerians with a view to ensuring the acquirement of the best contractual terms and conditions by Nigerian parties entering into any contract or agreement for the transfer of foreign technology;
(c) the provision of a more efficient process for the adaptation of imported technology;
(d) the registration of all contracts or agreements having effect in Nigeria on the date of the coming into force of this Act, and of all contracts and agreements hereafter entered into, for the transfer of foreign technology to Nigerian parties; and without prejudice to the generality of the foregoing, every such contract or agreement shall be so registrable if its purpose or intent is, in the opinion of the National Office, wholly or partially for or in connection with any of the following purposes, that is to say-
(i) the use of trademarks;
(ii) the right to use patented inventions;
(iii) the supply of technical expertise in the form of the preparation of plans, diagrams, operating manuals or any other form of technical assistance of any description whatsoever;
(iv) the supply of basic or detailed engineering;
(v) the supply of machinery and plant; and
(vi) the provision of operating staff or managerial assistance and the training of personnel; and
(e) the monitoring, on a continuous basis, of the execution of any contract or agreement registered pursuant to this Act.