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.
A) open source licensing
B) non-exclusive licensing
C) cross-licensing
D) exclusive licensing
E) reciprocal licensing

Question

Quizplus · Accepted Answer

The type of agreement described in the question is known as cross-licensing. In this type of agreement, two parties (in this case, the firm and the foreign partner) license their respective intangible property to each other. This allows both parties to benefit from each other's knowledge and expertise, and can lead to mutually beneficial partnerships. Cross-licensing is a common strategy in industries where intellectual property is important, such as technology and pharmaceuticals.

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