One of the Disadvantages of Licensing Is That It Requires

question 94

True/False

One of the disadvantages of licensing is that it requires the licensor to make a high capital investment in the foreign market.

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Definitions:

Assignment

The transfer of one’s rights or obligations under a contract to another party.

Delegation

The act of transferring authority or tasks from one individual or group to another while retaining ultimate responsibility.

Incidental Beneficiary

An Incidental Beneficiary is an individual or party that indirectly benefits from a contract between two other parties, though not intended as the primary beneficiary of the contract.

Enforce

To compel compliance with a law, rule, or obligation through authoritative or legal action.