Describe What Licensing Is

question 31

Essay

Describe what licensing is. What type of intellectual property can be licensed? Identify the two types of licensing pursued by entrepreneurial firms.

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Definitions:

Derivative Markets

Financial markets for instruments like futures, options, and swaps, whose value is derived from an underlying asset such as commodities, stocks, or currencies.

Business Risks

Business risks refer to the exposure a company or organization has to factors that will lower its profits or lead it to fail.

Sarbanes-Oxley Act

The Sarbanes-Oxley Act is a U.S. law enacted in 2002 to protect investors from fraudulent accounting activities by corporations.

Corporate Governance

The system of rules, practices, and processes by which a firm is directed and controlled.