Licensing Can Be a Way to Start a New Venture

question 43

True/False

Licensing can be a way to start a new venture when the idea may infringe on someone else's patent,trademark,or copyright. 

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Definitions:

Limited Liability

A legal structure that limits the personal financial risk of the company's shareholders to their investment in the company.

Current Services

services that are performed and paid for within the current accounting period, affecting the period's financial statements.

Assets Owned

Refers to the resources that are owned by a company or individual which have economic value and can be used or sold to meet debts or obligations.

Marketing Managers

Professionals responsible for promoting and selling products or services, including market research and advertising.