Trademark Cross-License Agreement

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. [1] As a general rule, this type of agreement takes place between two parties in order to avoid litigation or to settle infringement proceedings. [2] 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.