Events Promotion Corporation licenses trademarks to Fandom Souvenirs, Inc., to use in selling caps, sweatshirts, and similar goods. This is

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This scenario describes the licensing of trademarks to Fandom Souvenirs, Inc. This is a typical arrangement in a franchise system. The franchisor (in this case, Events Promotion Corporation) grants the right to use its intellectual property to the franchisee (Fandom Souvenirs, Inc.) in exchange for fees and royalties. Franchisees are typically given a framework for operating the business and must adhere to certain standards set by the franchisor.

Events Promotion Corporation Licenses Trademarks to Fandom Souvenirs, Inc