Under a licensing agreement, the licenser is normally paid a royalty on each unit produced and sold.

Name: Under a licensing agreement, the licenser is normally paid a royalty on each unit produced and sold.
Brand: Quizplus
Rating: 4.9 (23 reviews)

Question

Quizplus · Accepted Answer

In a licensing agreement, the licenser typically receives a royalty, which is a payment made by the licensee for each unit of the licensed product produced and sold, as compensation for the use of the licenser's intellectual property.

Under a Licensing Agreement, the Licenser Is Normally Paid a Royalty