As a proud brand owner, you will encounter a number of situations that may lead you or your business to consider licensing. Navigating when selecting a brand, searching for a brand and ensuring a trademark registration is no small feat. Now that you`ve achieved these goals, it`s important to make sure you get the most out of your investment in time, energy and money. A trademark license can be the most effective way to ensure that your trademark rights benefit you in the first place and not to third parties. In patent law, a cross-licensing agreement is an agreement under which two or more parties issue each other a license for the exploitation of the object claimed in one or more of the patents.  As a general rule, this type of agreement takes place between two parties in order to avoid litigation or to settle infringement proceedings.  Very often, the patents held by each party cover different essential aspects of a given commercial product. By granting a cross-licensed, each party retains its freedom to market the product. The term “cross-licensing” implies that neither party pays a silver licence to the other party, which may be the case.
If you think your Dallas/Fort Worth business could benefit from a cross-licensing agreement, we`d like to help you explore your options. Call Gagnon`s lawyers, Peacock-Vereeke, P.C., at (214) 824-1414 to speak to a qualified lawyer who can give you the advice and support you need today. A cross-licensing agreement is a contract between two or more parties, whereby each party grants other parties intellectual property rights. Companies that enter into cross-licensing agreements, sometimes referred to as “patent pools,” can benefit from a number of advantages: a trademark license can take many forms. Sometimes, two trademark owners give each other a cross-license that allows the other to use its trademarks. In other cases, an owner may grant an exclusive trademark license to a distributor in a given country. In addition to the general benefits, some cross-licensing contracts are based on an unlicensed state, saving even more money.