Which of the Following Describes a Licensing Agreement

question 55

Multiple Choice

Which of the following describes a licensing agreement?

• A) It is an arrangement in which a party that owns trademarks and other intellectual property contracts to permit another party to use those trademarks and intellectual property in the distribution of goods, services, software, and digital information.
• B) It is an arrangement only pertaining to trademarks in which a party that owns a trademark contracts to permit another party to use the trademark in the distribution of goods, services, software, and digital information.
• C) It is an arrangement in which a franchisee allows another party to operate the franchise.
• D) It is an arrangement in which a party that owns trademarks and other intellectual property contracts to permit another party to use those trademarks and intellectual property, but only in the distribution of goods.
• E) It is an arrangement in which a party that owns trademarks and other intellectual property contracts to permit another party to use those trademarks and intellectual property, but only in the distribution of services.

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