Cross-licensing agreements are a type of project-based, nonequity venture in which the partners agree to allow access to licensed intellectual property developed by the other on preferential terms.

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Cross-licensing agreements involve two or more companies granting each other the rights to use certain intellectual property, including patents, trademarks, or copyrights, under agreed terms, without necessarily involving equity stakes or the formation of a separate entity. This allows each company to benefit from the other's innovations, often leading to a synergistic partnership where both parties can enhance their products or services.

Cross-Licensing Agreements Are a Type of Project-Based, Nonequity Venture in Which