A license agreement is a grant to someone else to use a company's _____ and exploit it in the marketplace by manufacturing, distributing, or using it to create a new product.
A) s upply chain
B) prime d istributor
C) m arketing plan
D) c ustomer base
E) i ntellectual property

Question

Quizplus · Accepted Answer

A license agreement typically involves granting someone the right to use a company's intellectual property, such as patents, trademarks, or copyrights, to manufacture, distribute, or develop new products.

A License Agreement Is a Grant to Someone Else to Use