Question

Select the proper option from the options given below and rewrite the sentences.

When both the countries enter into a mutual exchange of technology and patents, it is known as ________.

(a) Licensing
(b) Cross-licensing
(c) Contract Manufacturing

Answer 1

When both the countries enter into a mutual exchange of technology and patents, it is known as cross-licensing.

Explanation:
Under cross-licensing, the manufacturers in both the countries form a mutual agreement to exchange and use the technology and patents of each other. It is a contract wherein the parties grant each other permission to use one another’s intellectual properties.
The correct option is B.