A cross-licensing contract, also known as an exchange license contract, means that both parties to the contract, or both parties, exchange the right to use the technology with the technology they own or hold in accordance with the conditions stipulated in the contract. , for the other party to use. In this kind of contract, both parties have dual identities. One party is both the licensor of a certain technology and the licensee of related technologies.
Cross-licensing can be either exclusive or non-exclusive. It is generally adopted under specific conditions. For example, cross-licensing contracts are usually adopted in projects such as cooperative production, cooperative design, and joint research and development. What is reflected in it is more of a cooperative relationship between the two parties, rather than a simple buying and selling relationship.
For example, company A has technology patent A, company B has patent B, and the best way to produce product C is to combine patent A and patent B. Therefore, in order to fully implement their own technologies and obtain maximum economic benefits, Company A and Company B signed a cross-licensing contract and reached an agreement to mutually license each other to implement their own technologies.