A ________ Is an Agreement That a Technology Licensee Will

question 61

Multiple Choice

A ________ is an agreement that a technology licensee will transfer to the licensor any improvements, inventions, or know-how it acquires while using the technology.

• A) noncompetition clause
• B) grant-back provision
• C) tying clause
• D) cartel

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Definitions:

Global Economy

The interconnected worldwide economic system which includes the trade, finance, and markets on an international scale, influenced by global events and policies.

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people.

Internal Culture

The shared values, beliefs, and norms that influence the behavior and interactions of members within an organization.

Organisational

Pertaining to the structure and dynamics of an organization, including its processes, functions, and culture.