_________May Prevent a License from Just Sitting on the Rights

question 28

Multiple Choice

_________may prevent a license from just sitting on the rights and not trying to generate sales.

• A) Running royalties
• B) Minimums
• C) Up-front fees
• D) Marketing

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Definitions:

Revoking

The act of withdrawing, canceling, or annulling something previously granted, such as a privilege, right, or offer.

Liquidating

The process of converting assets into cash often during the closure of a business.

Terminating

The act of bringing something to an end or conclusion, such as a contract, agreement, or process.

Definite-Term Lease

A lease agreement with a specific beginning and end date, distinguishing it from a periodic or at-will tenancy.