Which of the following is true of licenses?
A) A license grants the licensee complete control over intellectual property.
B) An exclusive license is granted to only one licensee for a specific period.
C) A licensee has complete control over the information he or she is allowed to access.
D) A licensee has the right to use information rights beyond the licensor's control.

Question

Quizplus · Accepted Answer

An exclusive license is granted to only one licensee for a specific period. This means that the licensee has the exclusive right to use the intellectual property during the term of the license, and no other party is allowed to use it. Option A is incorrect as a license does not grant complete control over intellectual property, only specific rights to use it. Option C is also incorrect as a licensee typically has limited control over the information they are allowed to access, and option D is incorrect as the licensor typically retains some control over the use of the intellectual property.

Which of the Following Is True of Licenses