Licensing Is a Contractual Agreement Whereby One Company (The Licensor)makes

question 73

True/False

Licensing is a contractual agreement whereby one company (the licensor)makes a legally protected asset available to another company (the licensee)in exchange for royalties,license fees,or some other form of compensation.

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Definitions:

Inheritance

A feature of object-oriented programming languages where a class can derive properties and methods from another class.

Method

The process of how a program converts inputs into the correct outputs.

MUMPS Language

A high-level programming language used primarily in the healthcare industry for database and information processing.

Healthcare Databases

Specialized databases that store and manage patient and healthcare information for clinical, financial, and administrative purposes.