Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright.

Name: Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

By obtaining a license from the owner of the patent, trademark or copyright, one can legally use the idea and avoid infringement. This is often used in situations where the idea is worth pursuing but the cost or risk of legal action is too high.

Licensing Can Be a Way to Start a New Venture