_____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, to a foreign company under defined conditions along with providing a bundle of services and products.

Question

05-07-2022
Business

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_____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, to a foreign company under defined conditions along with providing a bundle of services and products.

Sagot :

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priyakumarit10 priyakumarit10 · Answer 1 · 2022-07-13T09:27:28-04:00

The optimal solution for the given statement is a license agreement.

A licensing agreement is a contract in which the licensor grants the licensee rights to use the licensor's intellectual property. Mostly to utilize any brand name, trademark, patented technology, or capacity to create and market products that the licensor owns.

Licensing agreements enable firms to exercise control over real estate and break into new markets without having to fork out cash. The potential of losing a firm's reputation and forming a partnership with the incorrect company are drawbacks of these transactions.

Therefore the blank is to be filled by licensing agreement.

To know more about licensing agreement click here: https://brainly.com/question/24827828

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