Foot-O, a local footwear company, has made a payment to the German footwear giant Buirick GmbH to use the foreign company's excellent method of shoe making. Which of the following is this an example of?

Question

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Foot-O has made a payment to use the method of shoe making of Buirick GmbH, which indicates that this is a licensing agreement where Buirick GmbH is allowing Foot-O to use its proprietary technology and methods for a fee.

Foot-O, a Local Footwear Company, Has Made a Payment to the German