licensing

What is a licensing agreement?

• An agreement to hire employees

• A way to obtain a loan

• A legal document to sell products

• A contract between two parties to use a registered trademark

What is a brand licensing agreement?

• A contract to use a registered trademark

• An agreement to merge companies

• A document to hire suppliers

• An agreement to rent a space

What is a patent license?

• An agreement to acquire properties

• A document to hire consultants

• A contract to sell a company

• An agreement to allow another person to use a patented invention

What is a copyright license?

• An agreement to allow someone else to use a copyrighted work

• An agreement to buy stocks

• A contract to rent a vehicle

• A document to hire designers

What is a trade secret license?

• An agreement to allow another person to use confidential business information

• An agreement to merge companies

• A document to hire lawyers

• A contract to sell products online

What is an exclusive license?

• A document to hire temporary employees

• A contract to share ownership with others

• An agreement where the licensee cannot grant licenses to third parties

• An agreement to sell the property to multiple parties

What is a non-exclusive license?

• An agreement where the licensee can grant licenses to third parties

• A contract to maintain ownership only for personal use

• A document to hire exclusive suppliers

• An agreement to merge companies

What is a royalty payment?

• A contract to acquire a company

• A payment for the use of licensed property

• An agreement to sell shares on the stock exchange

• A document to hire consultants

What is an advantage of licensing agreements?

• Reduce product quality

• Increase internal production

• Generate revenue without significant operating costs

• Avoid competition in the market

What is a challenge of licensing agreements?

• Lack of control over the use of intellectual property

• Guarantee of independent income for licensees

• Easy expansion into new markets

• Total protection of intellectual property