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:
“Were it not for the corruption and viciousness of degenerate men, there would be no ... necessity that men should separate from this great and natural community, and by positive agreements combine into smaller and divided associations.”
—John Locke (1632–1704)