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Cross-Licensing Agreement
An arrangement where two or more parties grant each other rights to intellectual property, often to use patents without suing for infringement.
Legal Tying
Refers to a potentially prohibited practice where a seller requires the purchase of an unwanted item or service in order to buy the desired item.
Fee Simple Absolute
The highest and most complete form of property ownership, granting the owner unlimited rights to the property.
Property Rights
Legal rights to own, use, and dispose of assets, including real estate and personal property.
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