Offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee is referred to as

Name: Offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee is referred to as
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Licensing is a business arrangement where a company allows another company to use its intellectual property, such as trademarks or patents, in exchange for a royalty or fee.

Offering the Right to a Trademark, Patent, Trade Secret, or Similarly