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According to Cox and Demmitt, the retention and projection of time enables us to:
Liability of Foreignness
The inherent disadvantages that foreign firms experience in host countries due to their non-native status.
Licensing Agreements
Contracts in which one party (the licensor) permits another party (the licensee) to use rights to intellectual property, technology, or product lines.
Intellectual Property
Legal rights that result from intellectual activity in industrial, scientific, literary, and artistic fields, granting the creator exclusive rights to their work.
Licensing
Permission to use another company’s trademarks, patents, copyrights, or expertise.
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