Licensing is a potentially dangerous action: It may be instrumental in creating a competitor.

Question

Quizplus · Accepted Answer

Licensing involves granting limited rights to use a particular technology or product. These limited rights may include access to patents, trade secrets, or other proprietary information. However, once the licensee gains access to this information, they may use it to enhance their own products or develop competing products, potentially becoming a future competitor. Therefore, licensing can be a risky move, especially in highly competitive industries.

Licensing Is a Potentially Dangerous Action: It May Be Instrumental