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Theodore and James Decide to Enter into an Agreement with a Firm

question 6

Multiple Choice

Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their software, brand name, and software specifications in return for a lump sum payment. The firm is a service organization that plans to use the software to assist its customers. Their agreement is a(n) ________.


Definitions:

Accutane

A brand name for isotretinoin, a powerful drug used in the treatment of severe acne.

Heroin

An opioid drug made from morphine, a natural substance taken from the seed pod of various opium poppy plants, often used illicitly for its euphoric effects.

Blastula Stage

An early stage in the embryonic development of animals characterized by a spherical layer of cells (the blastoderm) surrounding a fluid-filled cavity (the blastocoel).

Ciliary Action

The movement of cilia, tiny hair-like structures, that help to move fluid or materials across the surface of certain cells.

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