ABC International,a Canadian software company that specializes in developing computer games enters into an agreement with XYZ Software,a Japanese software company.Under this agreement,XYZ has the right to manufacture and sell the ABC's games in Japan.This agreement is an example of _____.

Question

Quizplus · Accepted Answer

This agreement is an example of foreign licensing, where ABC International grants XYZ Software the rights to manufacture and sell its games in Japan, allowing XYZ to use ABC's intellectual property in exchange for a fee or royalty.

ABC International,a Canadian Software Company That Specializes in Developing Computer