Cross-licensing

Cross-licensing,

Definition of Cross-licensing:

  1. Technology pooling arrangement in which participating firms grant (usually royalty free) licenses to one another.

  2. Give one party a licence to use (patented or copyright material) in return for a similar licence.

How to use Cross-licensing in a sentence?

  1. The two companies have agreed to cross-license their intellectual property.

Meaning of Cross-licensing & Cross-licensing Definition