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. What are the roles of the two companies?
A) Sistec is the franchisor; Uberholtz is the franchisee.
B) Sistec is the licensee; Uberholtz is the licensor.
C) Sistec is the licensor; Uberholtz is the licensee.
D) Uberholtz is the franchisee; Sistec is the franchisor.
Correct Answer:
Verified
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