Uberholtz,a German company,has granted Sistec,a Canadian company,the right to manufacture Uberholtz's product and use the Uberholtz trademark in return for a fee.Which of the following best describes the roles of the two companies?

Question

Quizplus · Accepted Answer

Sistec is the licensee because it has been granted the rights to manufacture and use the trademark, while Uberholtz is the licensor as it is granting these rights in return for a fee.

Uberholtz,a German Company,has Granted Sistec,a Canadian Company,the Right to Manufacture