Question

In which of the following modes of the entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee?

• A. Licensing
• B. Contract manufacturing
• C. Joint venture
• D. None of the above

Answer 1

The correct option is A Licensing

Licensing agreement is a legal contract entered by two parties where the owner of the intellectual, real or personal property gives the other party the right to use it for a consideration. The owner is known as the Licensor, the person using it as the Licensee and the consideration as the License Fee.