Asked by Cydney Adger on Jul 15, 2024

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Cross-licensing occurs when two patent holders license each other to use their patents and can have other patent holders join the patent at any time.

Cross-licensing

Cross-licensing is an agreement between two or more parties where each party grants rights to their intellectual property or technology to the other parties involved.

Patent Holders

Patent holders are individuals or entities possessing the legal rights to an invention, granted by a patent office, allowing them to exclude others from making, using, or selling the invention.

  • Understand the concepts and applications of intellectual property rights.
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Verified Answer

MY
Michael yawson mensah

Jul 19, 2024

Final Answer :
False
Explanation :
Cross-licensing occurs when two patent holders license each other to use their patents, but it does not inherently allow other patent holders to join the agreement at any time; such terms would need to be specifically negotiated.