An agreement in which a domestic company's intangible property may be sold or made available to a foreign company in exchange for a royalty fee is called a(n)________.

Question

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The agreement described in the question is a license agreement. A license is a legal agreement that allows a company to use another company's intangible property under predetermined terms, usually in exchange for a fee or royalty. Strategic alliances, franchises, wholly-owned subsidiaries, and turnkey projects are all different forms of foreign market entry strategies, but none of them specifically involve the selling or sharing of intangible property.

An Agreement in Which a Domestic Company's Intangible Property May