What Is the Primary Reason for Technology Licensing to Take

question 85

Multiple Choice

What is the primary reason for technology licensing to take place while a product is still in the developmental stage?

• A)to enable the licensor to receive some earnings in case the technology never becomes operative
• B)to ensure that a product launches in various countries at about the same time
• C)to gain funds to complete the development
• D)to reduce transaction costs

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Definitions:

Just Cause

A legal standard that must be met to justify certain actions, such as the termination of employment, indicating a valid and lawful reason.

Reasonable Notice

Notification given within a sufficient time frame, allowing individuals or parties to prepare or respond appropriately to an action or decision.

Vicariously Liable

The responsibility of one party for the actions of another, typically an employer being held responsible for the actions of their employees.

Independent Contractors

Individuals or entities that perform work or services for another entity as non-employees, under terms specified in a contract.