Document background
A Cross Licensing Agreement is essential when two or more organizations wish to gain mutual access to each other's intellectual property portfolios. This document, structured under Austrian law, is particularly valuable in technology-intensive industries where companies hold complementary patent portfolios or need to resolve potential patent disputes. The agreement typically includes detailed specifications of licensed IP, technical requirements, quality standards, and compliance mechanisms. It must adhere to Austrian legal requirements, including the Patent Act (Patentgesetz) and Competition Law (Kartellgesetz), while also considering EU regulations. This type of agreement is commonly used to facilitate technological collaboration, resolve patent disputes, or enable product development while ensuring both parties maintain their competitive advantages and receive fair value from their intellectual property assets.
