Which Statement Best Describes the Law of Licensing

question 61

Multiple Choice

Which statement best describes the law of licensing?

• A) A licence must be registered in order to be enforceable.
• B) Failure to utilize a licence in a timely manner will result in its forfeiture.
• C) All intellectual property rights are capable of being licensed.
• D) A licence involves an exchange of ownership from licensor to licensee.

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Definitions:

Cash Dividends

A form of profit distribution by a corporation to its shareholders, paid out in cash.

Bonds Payable

The total amount owed by a corporation or government entity to bondholders at the balance sheet date, representing long-term debt.

Accounts Payable

The amount of money owed by a company to its suppliers or creditors for goods and services received but not yet paid for.

Investing Activity

Activities related to the purchase or sale of long-term assets and investments, a component of a company's cash flow statement.