Which type of agreement represents a producer giving the rights of their intellectual property in return for royalties?
A)Licensing
B)Franchising
C)Export
D)Turnkey operations

Question

Quizplus · Accepted Answer

The type of agreement described is a licensing agreement, in which the producer grants the rights to use their intellectual property in exchange for royalties. Franchising involves the use of a business model and brand name, but not necessarily the transfer of intellectual property. Export and turnkey operations refer to different types of business strategies and do not involve intellectual property rights.

Which Type of Agreement Represents a Producer Giving the Rights