Selling the rights to intellectual property for a royalty fee happens with:
A)Licensing/franchising.
B)Turnkey projects.
C) R&D contracts.
D) Co-marketing.

Question

Quizplus · Accepted Answer

Licensing/franchising typically involves selling the rights to intellectual property in exchange for a royalty fee. In this model, the licensee or franchisee is able to use the intellectual property for a set period of time in a specific geographic area, while the licensor or franchisor receives ongoing royalties. Turnkey projects, R&D contracts, and co-marketing do not necessarily involve the sale of intellectual property rights for a royalty fee.

Selling the Rights to Intellectual Property for a Royalty Fee