cross-license
- When a patent or invention is permitted to be used by someone else in exchange for the same permission for a different patent or invention
- The two technology companies decided to cross-license each other's patents to speed up their research and development initiatives.
- The agreement allowed both firms to cross-license their patents, increasing their capacity to innovate.
- In an effort to resolve the patent dispute, the parties agreed to cross-license their respective inventions.
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