Licensing Is Advantageous Compared to Exporting as It Provides Access

question 103

True/False

Licensing is advantageous compared to exporting as it provides access to local partner's distribution channels and also protection from legal barriers.

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Definitions:

Preincorporation Share Subscription

An agreement by an investor to purchase shares in a corporation that is yet to be formed, often used to fund the creation of the new company.

Model Business Corporation Act

A set of model laws designed to standardize and simplify the legal structure of corporations across the United States.

Ratifies

The act of officially confirming or endorsing a decision, making it formally valid.

Adoption

In corporation law, a corporation’s acceptance of a preincorporation contract by action of its board of directors, by which the corporation becomes liable on the contract.