The fee a licensee pays up front to use trademarked property
Licensing

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Financial Education
•
12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Guarantee
2.
FLASHCARD QUESTION
Front
A symbol, design, or word used to identify a good or service and registered with the government to prevent use by others
Back
Trademarked property
3.
FLASHCARD QUESTION
Front
An agreement that allows a company to pay a fee to a team or an event for the right to affiliate itself with that team or event
Back
Sponsorship
4.
FLASHCARD QUESTION
Front
A phrase that is easy to remember
Back
Slogan
5.
FLASHCARD QUESTION
Front
A percentage of actual sales that a licensee pays to a licensor; usually anywhere from 5 to 15 percent
Back
Royalties
6.
FLASHCARD QUESTION
Front
The name and/or symbol used by a business; also called signature
Back
Logo
7.
FLASHCARD QUESTION
Front
An organization or company that holds the rights to trademarked property
Back
Licensor
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