Refers to Contractual Agreement by Which a Company Makes Its

question 8

Multiple Choice

refers to contractual agreement by which a company makes its trade secrets, trademarks, patents, or copyrights available to a foreign individual or company in return either for royalties or for other compensation based on the volume of goods sold or a lump sum.

• A) International licensing
• B) Expropriation
• C) International franchising
• D) Foreign direct investment

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Definitions:

Bailee's Lien

The right of a bailee to retain possession of a bailor's property as security for unpaid charges related to the property.

Bailor

A person who entrusts their property into the care of another, known as the bailee, for a particular purpose.

Personal Property

Assets or belongings that are not fixed permanently to one location, such as furniture, vehicles, and electronics, distinct from real property like land or buildings.

Inter Vivos Gift

A gift that is made by a person during his or her lifetime.