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:

Goals

Objectives or desired outcomes that an individual or group aims to achieve through concerted efforts.

Liberty of Conscience

The freedom to follow one's own beliefs in matters of religion and morality without coercion.

British North America

Term referring to the British colonies and territories in North America, including Canada, during the period from the 16th century until 1783, when Britain recognized American independence.

Immigrants

People who have moved to a new country with the intention of settling there, often in search of better living conditions, employment, or safety.