1 pts cross-licensing often occurs in the semiconductor and chemical industries, and other intellectual property is acquired in reciprocal licensing arrangements between firms in order to
Reciprocal licensing arrangements between firms in order to avoid research duplication and build on each other's innovations.
what is innovations?
For its part, innovation might relate to a brand-new item or a modification applied to an already-existing concept, product, or industry.
The first telephone was undoubtedly an invention, the first cell phone was either an invention or an innovation, and the first smartphone was undoubtedly an advancement.
The process of turning an idea or invention into a product or service that adds value and/or attracts customers is known as innovation.
Examples of innovation come in a wide variety of forms, including social innovation, incremental innovation, and open innovation, among others.
A new or altered entity that realizes or redistributes value is what is meant by the definition of innovation.
