Software cross-licensing agreements

Because of this, any business considering this route should consult with an attorney right away. A common motivation for entering a cross-licensing agreement is to keep from spending limited resources to sue and counter-sue for any alleged patent infringement.

Companies can negotiate an out-of-court settlement wherein they can barter their intellectual property rights and value. Cross-licensing isn't a means to barter and reduce attorney or licensing fees.

Instead, it should form the basis for long-term alliances that can encourage knowledge flow and spark post-licensing innovations. With so many benefits of cross-licensing agreements, you might be wondering what the negative aspects are.

There are several disadvantages to keep in mind:. Because of these potential drawbacks, it's considered unwise for a business to add its business-critical technology patents to any cross-licensing agreements. There is an option to add clauses that reduce direct competition between the cross-licensing partners.

The costs associated with licensing cross-licensed intellectual property are prohibitive for most start-up businesses. Antitrust regulators are not keen on cross-licensing portfolios that contain provisions that could lead to competition-stifling collusions, like dividing markets or price-setting. Patent pools are also heavily scrutinized to ensure they don't unfairly undermine competition or reduce incentives to innovate. If you need help with understanding a cross-licensing agreement, you can post your legal need on UpCounsel's marketplace.

UpCounsel accepts only the top 5 percent of lawyers to its site. Intellectual Property License Agreement means the agreement to be entered into between NNL, on the one hand, and the Purchaser or the relevant Designated Purchasers , on the other hand, on or prior to the Closing in the form attached hereto as Exhibit F. Patent License Agreement means the particular Patent License Agreement to which these Terms and Conditions are attached and incorporated into by reference.

II, as amended, modified or supplemented from time to time. Intercompany License Agreement means any cost sharing agreement, commission or royalty agreement, license or sublicense agreement, distribution agreement, services agreement, intellectual property rights transfer agreement, any related agreements or similar agreements, in each case where all parties to such agreement are one or more of the Company or a Restricted Subsidiary.

Manufacturing Agreement has the meaning set forth in Section 3. Name Licensing Agreement means that certain Name Licensing Agreement included in Part D of the Series Instrument, between Allstate Insurance Company and the Trust, as the same may be amended, restated, modified, supplemented or replaced from time to time. Licensing Agreement means a commercial contract between a Type Certificate TC or Supplemental Type Certificate STC holder and a production organization approval holder or applicant formalizing the rights and duties of both parties to use the design data for the purpose of manufacturing the product or part.

Data Use Agreement means the agreement incorporated into the Contract to facilitate creation, receipt, maintenance, use, disclosure or access to Confidential Information.

Supply Agreement has the meaning set forth in Section 4. Collaboration Agreement has the meaning set forth in the Recitals.