Under a cross-licensing agreement, a firm can either request a royalty payment or license some valuable intangible property to a foreign partner.

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Under a cross-licensing agreement, a firm might license some valuable intangible property to a foreign partner, but in addition to a royalty payment, the firm might also request that the foreign partner license some of its valuable know-how to the firm.

Under a Cross-Licensing Agreement, a Firm Can Either Request a Royalty