Licensing occurs when one business or party that owns intellectual property,the licensee,contracts to permit another business or party,the licensor,to use its intellectual property in the distribution of goods,services,software,and digital information.

Question

Quizplus · Accepted Answer

The statement incorrectly identifies the roles; the licensor owns the intellectual property and grants permission to the licensee to use it.

Licensing Occurs When One Business or Party That Owns Intellectual