Canadian Farm Machinery entered into a contract with High Seas Transportation that set out the responsibilities of High Seas in delivering 100 tractors to Argentine Produce.Argentine has not yet paid for the tractors.
-A Canadian company has a patented product and seeks to have it produced overseas.The company wants to minimize its investment required abroad and its degree of exposure to foreign legislation.In this case,the far-and-away best choice would be to opt for a licensing arrangement.

Question

Quizplus · Accepted Answer

Licensing arrangements allow a company to grant permission to a foreign company to use its patented product in exchange for a fee or royalty. This would minimize the company's investment required abroad and its degree of exposure to foreign legislation.

Canadian Farm Machinery Entered into a Contract with High Seas