Which of the following statements is true about licensing?
A) In a typical arrangement, the licensor will allow the licensee to use a patent, a trademark, or proprietary information in exchange for a fee.
B) Companies that spend a relatively large share of their revenues on research and development (R&D) are likely to be licensees.
C) Licenses are uncommon among large firms seeking to acquire technology to bolster an existing product.
D) A license is a very high-cost way of gaining and exploiting foreign markets.

Question

Quizplus · Accepted Answer

In a typical arrangement, the party giving the license (the licensor) will allow the other (the licensee) to use a patent, a trademark, or proprietary information in exchange for a fee. The licensor typically restricts licensee sales to a particular geographic locale and limits the time period covered by the arrangement.

Which of the Following Statements Is True About Licensing