A Disadvantage of Licensing Is

question 82

Multiple Choice

A disadvantage of licensing is

• A) it's very costly for the licensor.
• B) the licensee can decide to end the contract at a moment's notice.
• C) your company's image is never permitted to be associated with the product, even though you are the developer.
• D) the licensee may decide to use the expertise you have developed, break the agreement, and begin producing the product on his/her own.

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Definitions:

Net Profits

The remaining amount of income left after all expenses, taxes, and costs have been subtracted from total revenue.

Trademark Registration

The process of registering a trademark with the appropriate government authority to ensure legal exclusivity and protection of the mark for the owner.

Federal Law

Legislation enacted by the national government of a country that applies to all citizens and entities within its jurisdiction.

National Notice

An official announcement or declaration disseminated on a nationwide scale.