Grimmy Fast Food Ltd., located in New York, grants Truffle Eateries, a chain of restaurants in Paris, permission to produce and sell Grimmy's famous pizzas. Truffle will launch Grimmy's in Paris and sell the products. This is an example of which of the following?

Question

Quizplus · Accepted Answer

In appropriate circumstances, a domestic firm may choose to grant a foreign firm the means to produce and sell its product. The typical method for controlling these transfers of information is the license or franchise contract.