Cross-licensing Agreements
In the 1920s Lucas signed a number of cross licensing agreements with Bosch, Delco and most of the other automotive electrical equipment manufacturers in Europe and North America. In addition, these agreements included a non-competitive clause agreeing that Lucas would not sell any electrical equipment in their countries and they would not sell electrical equipment in Great Britain. By the mid 1930s Lucas had a virtual monopoly of automotive electrical equipment in Great Britain.
With a monopoly in place, Lucas proceeded to supply electrical equipment that was commonly cited as the best reason not to buy a British car.
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Famous quotes containing the word agreements:
“The difference between de jure and de facto segregation is the difference open, forthright bigotry and the shamefaced kind that works through unwritten agreements between real estate dealers, school officials, and local politicians.”
—Shirley Chisholm (b. 1924)