An Independent Research Laboratory Entered into an Agreement with a Multinational

question 78

Multiple Choice

An independent research laboratory entered into an agreement with a multinational agricultural company to develop a new variety of hybrid seeds for cold climates. In return, the agricultural company would fund the research. This method of acquiring new technology is known as

• A) state funding.
• B) internal development.
• C) technology trading.
• D) licensing.
• E) contracted development.

---

Definitions:

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, or artistic fields.

Unequivocal

Leaving no doubt; clear, unambiguous, and without any possibility of misunderstanding.

Acceptance

The act of agreeing to receive or undertake something offered.

Notification

The act of formally informing or giving notice to a party or authority about an event, action, or proceeding.