________ Are Compensation for the Use of Intellectual Property Belonging

question 58

Multiple Choice

________ are compensation for the use of intellectual property belonging to some other party.

• A)Royalty fees
• B)License fees
• C)Remittance fees
• D)Repositioning fees

---

Definitions:

Acceptance

In contract law, the act of agreeing to the terms of an offer, thereby creating a binding contract.

Auctioneer

A person authorized to conduct sales by auction, taking bids, and declaring goods sold.

Offeror

The party in a contract negotiation who proposes the terms of an agreement to another party.

Bid Made

The act of offering a specific price for goods, services, or assets, especially in auctions or formal procurement processes.