A Disadvantage of Licensing Is That the Licensing Company

question 94

Multiple Choice

A disadvantage of licensing is that the licensing company

• A)may lose control over its technology.
• B)takes on greater political risk.
• C)takes on greater development costs.
• D)realizes higher profit margins.
• E)bears most of the risks associated.

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Definitions:

Judicial Review

The power of courts to assess the constitutionality of laws or government actions and to nullify them if deemed unconstitutional.

Administrative Remedies

Administrative remedies refer to non-judicial solutions provided by government agencies or bodies to resolve disputes or address violations of regulations or laws.

Legal Privileges

are special rights or immunities granted by law to a particular person or group, which exempt them from certain duties or liabilities.

Disclosure of Information

involves making certain information known to another party, typically as required by law or as part of a duty to disclose relevant facts.