For a fee or royalty payments, a licensee buys the right to use the company's manufacturing process, trademark, patent, trade secret, or other item of value.

Name: For a fee or royalty payments, a licensee buys the right to use the company's manufacturing process, trademark, patent, trade secret, or other item of value.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

A licensee pays a fee or royalty to obtain the rights to use a company's intellectual property or proprietary processes, which can include trademarks, patents, or trade secrets.

For a Fee or Royalty Payments, a Licensee Buys the Right