________ is a business arrangement that occurs when the owner of intellectual property contracts to permit another party to use the intellectual property.

Question

Quizplus · Accepted Answer

Licensing is a business arrangement where the owner of intellectual property allows another party to use it. The owner will typically receive royalties or other forms of compensation from the licensee for the use of their intellectual property. This arrangement is common in industries such as technology, media, and entertainment.

________ Is a Business Arrangement That Occurs When the Owner