Licensing Occurs When Two Patent Holders License Each Other to Use

question 42

Multiple Choice

licensing occurs when two patent holders license each other to use their patents only on the condition that neither licenses anyone else to use his or her patent without the other's consent.

• A) Parallel
• B) Congruent
• C) Counter-
• D) Cross-

---

Definitions:

Income

Financial gains, usually received at consistent intervals, from employment or investing.

Benefits Principle

A taxation theory suggesting that people should be taxed based on the benefits they receive from government services.

Progressive Tax

A tax system in which the tax rate increases as the taxable base amount increases, resulting in higher income individuals paying a larger percentage of their income in taxes compared to lower-income individuals.

Vertical Equity

A concept in taxation that argues taxpayers with a greater ability to pay taxes should pay more, compared to those with a lesser ability to pay.