A Multiple Licensing Agreement Is a Contract for the Licensing

question 22

True/False

A multiple licensing agreement is a contract for the licensing of industrial property rights to two or more licensees.

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Definitions:

Externality

An outcome from economic behavior that impacts individuals not directly involved, which may be beneficial or harmful.

Initial Assignment

The initial distribution or allocation of tasks, responsibilities, or resources at the start of a project or process.

Liability Rule

A legal principle that allows for compensation when someone's action causes harm or loss to another, even without an agreement between the parties.

Injunction

A legal order by a court requiring a person or entity to do or cease doing a specific action.