The Oriental Land Company in Japan owns Tokyo Disneyland.This would be an example of an international _____ agreement between the Oriental Land Company (owner) and Disneyland (receives royalties).

Question

Quizplus · Accepted Answer

The arrangement between the Oriental Land Company and Disneyland, where the Oriental Land Company owns Tokyo Disneyland and pays royalties to Disneyland, is an example of a licensing agreement. In a licensing agreement, one party (the licensor) allows another (the licensee) to use its brand, technology, or product under specific conditions, including the payment of royalties.

The Oriental Land Company in Japan Owns Tokyo Disneyland