A license agreement is a grant to someone else to use the company's _____ and exploit it in the marketplace by manufacturing, distributing or using it to create a new product.

Question

A license agreement is a grant to someone else to use the company's _____ and exploit it in the marketplace by manufacturing, distributing or using it to create a new product. ​

Quizplus · Accepted Answer

A license agreement typically involves granting someone the rights to use a company's intellectual property, such as patents, trademarks, copyrights, or trade secrets, for the purposes of manufacturing, distributing, or creating new products.

A License Agreement Is a Grant to Someone Else to Use