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Simple English definitions for legal terms

cross-licensing

Read a random definition: bad-faith filing

A quick definition of cross-licensing:

Cross-licensing is when two people who own patents agree to share them with each other so they can both use the technology without getting sued. This helps inventors make money from their ideas and encourages them to keep inventing new things. Sometimes, people argue that cross-licensing is not fair, but usually, it is a good thing for everyone.

A more thorough explanation:

Cross-Licensing is an agreement between two or more patent holders to share their patents with each other. This agreement is made to avoid any legal disputes that may arise due to conflicting patents. It helps inventors to commercialize their innovations and undertake new research.

For example, if Company A has a patent for a technology that Company B needs to use in their product, and Company B has a patent that Company A needs to use in their product, they can enter into a cross-licensing agreement. This way, both companies can use each other's patented technology without any legal disputes.

Cross-license agreements have been frequently litigated in antitrust law. The court will analyze the cases that involve cross-license agreements under the Rule of Reason, in which both the anti-competitive and the pro-competitive effect of the agreement will be considered. Generally, such agreements are pro-competitive.

For instance, in the case of Feinsod v. Stiefel Labs., Inc., the court found that the cross-license agreement between the two companies was pro-competitive and did not violate antitrust laws.

In summary, cross-licensing is an agreement between patent holders to share their patents with each other to avoid legal disputes. It helps inventors to commercialize their innovations and undertake new research.

cross-examination | cruel and unusual punishment

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👍 Chat vibe: 12 👎
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NosyBeagle
15:57
no matter where i go i'll be shaking ass. ya girl beagle is POOR
15:59
wtf goin on at notre dame i wonder
ParallelAgreeableOrangutan
16:00
@JupitersMoons: ooh good point! meanwhile all my safeties WLed me anyway, so much for safe
16:00
maybe they ghosting me cus i said im part of the lgbt
wasn't there 30 percent more applicants
there were no safties
ParallelAgreeableOrangutan
16:02
was ND's app the one that wanted to know marital status and a bunch of other irrelevant Qs?
16:04
i totally forgot i filled it out like frikcing 6months ago
16:04
omg im gona shit my pants at work
ParallelAgreeableOrangutan
16:05
no did you take a laxative
16:06
no dude hell no im so scared of laxatives since my bulimia phase
body is just relaspsing
@ParallelAgreeableOrangutan: I was just putting in A's first, I also got rejected by Yale and WL at Chicago
ParallelAgreeableOrangutan
16:07
HI FRIEND guys a celebrity has entered the chat
ParallelAgreeableOrangutan
16:11
oh no it's a Friday fo pee em UMich R wave :(
16:17
i aint going outside no more
16:17
too many ticks
idk who we were talking about but I would also take mich $$ over hls
16:22
yay
sometimes I wonder why they gave me so much money
ParallelAgreeableOrangutan
16:33
because you're amazing and you deserve good things
16:40
awe yea
16:40
u gona be the best queenest lawyer ever
16:41
where llama
oh hey I just got a GW WL feeler
NosyBeagle
16:56
omg sloth u poop
ParallelAgreeableOrangutan
17:22
@JupitersMoons: !!! crossing fingers for you
17:42
yes i did thank u all for believing in me
17:50
hey chat!
17:50
@bigfatsloth: there she is ;)
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