With a Foreign Licensing Strategy, the Company Purchasing the Right

question 55

Multiple Choice

With a foreign licensing strategy, the company purchasing the right to manufacture and sell a product in overseas markets is called the

• A) royalty receiver.
• B) licensor.
• C) licensee.
• D) license initiator.

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Definitions:

Charter of Rights

A formal document listing the rights and freedoms guaranteed to all citizens of a country or jurisdiction, often protected by law.

Parliamentary Supremacy

A principle of UK constitutional law stating that Parliament has the supreme legal authority to create or end any law, generally without any legal limit.

Legislation

Laws enacted by a governmental body, such as statutes or acts, established to regulate, authorize, sanction, grant, declare, or restrict.

Mediator

A neutral third party who facilitates discussion between parties to a dispute to encourage and assist their coming to an agreement; sometimes referred to as a conciliator.