Licensing occurs when the owner of intellectual property contracts to permit another party to use intellectual property.

Name: Licensing occurs when the owner of intellectual property contracts to permit another party to use intellectual property.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Licensing is the act of granting permission to use intellectual property such as patents, trademarks, or copyrights, and it involves a contract between the owner of the IP and the party being granted permission to use it.

Licensing Occurs When the Owner of Intellectual Property Contracts to Permit