ITPEC IP October 2020 Question 85
ITPEC IP October 2020 — Question 85 of 100
Cross licensing is an arrangement in which two or more parties grant one another rights to use specified patented technologies. It can reduce blocking patent disputes, enable compatible products, and combine complementary intellectual property under negotiated conditions.
Answer (b)
Why not others:
- an alliance is the broader concept of cooperation between organizations
- a joint venture creates a jointly owned business
- loyalty describes continued preference or commitment and is not a patent-rights arrangement
Key rule: Mutual patent-use permissions identify cross licensing; a one-way permission is an ordinary license.
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