Greencorp Ltd. sold the rights for production of 4 Star Soil to Soil X of Italy, and that company now produces the special mix of fertilized soil and sells it in Italy. This arrangement is called a(n)

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The arrangement where Greencorp Ltd. sold the rights for production of 4 Star Soil to Soil X of Italy is called a licensing arrangement. In a licensing arrangement, a company allows another company to use its intellectual property or technology for a fee or royalty. Greencorp Ltd. sold the rights of its product to Soil X, which means that Soil X can now produce and sell 4 Star Soil in Italy while paying a fee or royalty to Greencorp Ltd.