Easily Replace Cross in the Commercialization Agreement

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How to Replace Cross in the Commercialization Agreement

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what is the most deadly contract term that you dont even know exists in your contract lets get started hey everybody this is Alex Barnett with the lean zone.com today Im going to talk about cross default provisions and why they are the deadliest contract term you dont even know that exists in your contract so lets talk about what a cross default provision is it is a contract provision that says that if you default on your contract the contractor or the owner can hold you in default on any other contract you have even if those other contracts are not in default so let me tell you about a story of a contractor that were dealing with now thats having this exact problem because of this provision they are a drywall contractor and they have three contracts with a general contractor and that contract each of those contracts has a cross default provision they are allegedly in default on one of the contracts and not in default at all on two others but the contractor claims that the damag

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What is an example of a cross-licensing agreement?

For example, Apple and Microsoft have had cross-licensing agreements since the 1990s. The agreements between the two tech forces have covered design patents, technical software features and more, and at one point covered any patent filed by either company.

Which agreement is also known as cross-licensing?

A cross-licensing agreement is a contractual arrangement between two or more parties in which each party is granted rights to a piece of technology, product, research, or other subject. Cross-licenses generally occur between companies that hold patents over different aspects of the same product.

What is a cross marketing agreement?

A cross-marketing agreement, sometimes called a co-marketing, cross-promotion, or co-promotion agreement in which two independent companies, usually with complementary products or services, agree to promote each others products or services.

What is meant by cross-licensing?

Cross Licensing refers to the cross-license agreement between patentees, entered into for purposes of avoiding litigation concerning conflicting patents. It helps preserve the financial incentives for inventors to commercialize their existing innovations and undertake new, potentially patentable research.

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Replace Cross in the Commercialization Agreement