Which of the following describes a cross-licensing agreement?
A)allocation of exclusive rights to a licensee to prevent competition
B)an agreement between two or more companies not to compete in each other's home countries
C)an exchange of explicit knowledge for tacit knowledge
D)the exchange of intangible property rights between two or more companies

Question

Quizplus · Accepted Answer

A cross-licensing agreement is a legal arrangement between two or more companies where they agree to share intellectual property rights, such as patents, trademarks, or copyrights. This allows each company to use the other's IP without violating any laws, thereby saving time and money on legal proceedings. Essentially, it is the exchange of intangible property rights between companies to benefit both parties involved.

Which of the Following Describes a Cross-Licensing Agreement