Which of the Following Is an Example of an Exclusive

question 2

Multiple Choice

Which of the following is an example of an exclusive license agreement?

• A)Three licensees have worldwide rights to sell the product worldwide for three years, during which time no other companies can use the asset.
• B)The licensee is currently the only company using the intangible property, but the licensor has rights to add other licensees.
• C)One licensee gets rights for the north island of New Zealand, a second licensee gets rights for the south island of New Zealand, and the licensor agrees to add no new licensees to New Zealand for the next five years.
• D)The licensee and licensor use the property in the same market.

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Definitions:

Substantial Quantity

A considerably large amount or volume of something.

Social Conscious

An awareness of the problems and injustices within society and the motivation to take action to address them.

Respondent Conditioning

A learning process in which a biologically potent stimulus becomes associated with a previously neutral stimulus.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.