For each unit produced under the licensing contract, the Hong Kong baker will pay a small fee called ________________ to Vetkoek-Vetkoek .

Question

Quizplus · Accepted Answer

The fee that the Hong Kong baker will pay for each unit produced under the licensing contract is called royalties. This is a common term used in licensing agreements where the licensee pays the licensor a percentage of their sales or a fixed fee for the use of their technology, brand, trademark or patent. Trademark fees, general licensing fees and copyright fees are also possible fees that could be included in a licensing agreement, but royalties are the most likely fee to be paid by the licensee to the licensor for the use of their intellectual property.

For Each Unit Produced Under the Licensing Contract, the Hong