An agreement in which one firm permits another to use its intellectual property in exchange for compensation is known as a ________.
A)licensing agreement
B)franchising agreement
C)manufacturing contract
D)turnkey operation
E)management contract

Question

Quizplus · Accepted Answer

A licensing agreement is the only one listed that specifically involves the use of intellectual property in exchange for compensation. B, C, D, and E may involve intellectual property in some capacity, but they do not necessarily revolve around the use of such property as the primary basis for the agreement.

An Agreement in Which One Firm Permits Another to Use