Under a cross-licensing arrangement, a company might grant a foreign partner a license to use some of its value intangible assets in exchange for a royalty payment, but the company might also demand that the foreign partner grant it a license to use some of its valuable know-how. Option (D) is Correct.
Cross-license agreements between any patent holders are referred to as "cross-licensing" when they are made to prevent legal disputes over infringing patents. It aids in maintaining the financial incentives for innovators to exploit their prior discoveries and carry out brand-new, possibly patentable study.
Cross-licensing has many advantages, some of which are: Combining complimentary technology to create a better product. improving the interoperability of connected gadgets. the opening up of new markets.
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