Robin owns an amusement park with an "extreme" roller coaster,the Rocking Dragon,which risk-seekers love.She contracts with Exotic Shirt Company,allowing the company to manufacture and distribute a line of shirts with the name "Rocking Dragon" on them,along with a picture of the roller coaster.Which of the following is true regarding Robin's agreement with Exotic Shirt Company?
A) Robin and Exotic Shirt Company have a joint venture.
B) Robin and Exotic Shirt Company have a strategic alliance.
C) This is a licensing agreement involving Robin as the licensor, and Exotic Shirt Company as the licensee.
D) This is a licensing agreement involving Robin as the licensee, and Exotic Shirt Company as the licensor.
E) The agreement between Robin and the Exotic Shirt Company is a franchise, with Robin the franchisor, and Exotic Shirt Company he franchisee.
Correct Answer:
Verified
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