________ is a business arrangement that occurs when the owner of intellectual property contracts to permit another party to use the intellectual property.

Question

Quizplus · Accepted Answer

Licensing is a business arrangement where the owner of intellectual property contracts with another party to use the intellectual property. The owner grants the licensee the right to use the intellectual property for a limited time and purpose while retaining ownership of the intellectual property.

________ Is a Business Arrangement That Occurs When the Owner