Intellectual Property Cross-License Agreement (Carve-Out or Spin-Off) | Practical Law
This form intellectual property (IP) cross-license agreement is for use as an ancillary agreement to a corporate transaction such as a carve-out or spin-off transaction. It grants a reciprocal license to IP both the parent company and the divested or spun-off entity previously used. This Standard Document has integrated notes with important explanations and drafting tips.