Under a(n)_____________ agreement,a firm might license some valuable intangible property to a foreign partner,but in addition to a royalty payment,the firm might also request that the foreign partner license some of its valuable know-how to the firm.

Question

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Cross-licensing refers to an agreement in which two companies agree to license each other's technology or intellectual property. In this case, the firm is not just licensing its own intangible property to the foreign partner but is also requesting that the foreign partner licenses some of its valuable know-how to the firm. This is a reciprocal deal, where both parties benefit from access to each other's intellectual property. Hence, cross-licensing is the most appropriate choice for this scenario.

Under A(n)_____________ Agreement,a Firm Might License Some Valuable Intangible Property