An agreement in which a domestic company's intangible property may be sold or made available to a foreign company in exchange for a royalty fee is called a(n)________.

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A license agreement allows a domestic company to sell or make available their intangible property (such as patents, trademarks, or copyrights) to a foreign company in exchange for a royalty fee. A strategic alliance involves a partnership between two companies to work together towards a common goal, a franchise involves granting permission to a foreign company to use a domestic company's product or brand in exchange for fees or royalties, and a wholly-owned subsidiary involves a domestic company establishing and owning a separate entity in a foreign country.

An Agreement in Which a Domestic Company's Intangible Property May