Burlite contracts to grant a French business access to its patents. The French company is responsible for producing Burlite in France. This agreement is a:

Question

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A licensing agreement is when the owner of a product or intellectual property (in this case, Burlite's patents) grants permission for another party to use or sell that product or intellectual property. In this scenario, Burlite is granting a French business access to its patents to produce Burlite in France. This fits the definition of a licensing agreement.

Burlite Contracts to Grant a French Business Access to Its