A _____ is a licensing arrangement under which one party allows another party to use its name, trademark, patents, copyrights, business methods, and other property in exchange for monetary payments and other considerations.
A) franchise
B) aquisition
C) merger
D) partnership

Question

Quizplus · Accepted Answer

A franchise is a type of licensing arrangement where one party allows the other party to use its name, trademark, patents, copyrights, business methods, and other property in exchange for monetary payments and other considerations. The party that grants the license is called the franchisor, and the party that receives the license is called the franchisee.

A _____ Is a Licensing Arrangement Under Which One Party