A Canadian company has a patented product and seeks to have it produced overseas. It desires to minimize its investment abroad and its degree of exposure to foreign legislation. In this case, the far-and-away best choice would be to opt for a licensing arrangement.

Question

Quizplus · Accepted Answer

Licensing allows the Canadian company to grant production rights to a foreign company, minimizing its need to invest directly in overseas operations and reducing exposure to foreign legal systems, as the licensee would handle local production and compliance.

A Canadian Company Has a Patented Product and Seeks to Have