The Tsingtao Brewing company pays a fee to Anheuser-Busch for the right to brew and distribute Budweiser in China.Tsingtao is the licensor and the fee paid is a royalty.
In this licensing agreement,Tsingtao Brewing is the licensee and Anheuser-Busch is the licensor.The fee paid is indeed the royalty.

Question

Quizplus · Accepted Answer

The statement incorrectly identifies Tsingtao Brewing as the licensee and Anheuser-Busch as the licensor. It should be reversed, with Anheuser-Busch as the licensee and Tsingtao Brewing as the licensor. The fee paid by Tsingtao Brewing to Anheuser-Busch is a licensing fee, not a royalty.

The Tsingtao Brewing Company Pays a Fee to Anheuser-Busch for the Right