Vieorien, a company based in the country of Dannistel, has permitted a foreign company the rights to produce its products and to use the Vieorien trademark. However, Vieorien does not have the authority or the rights to dictate the business operations of the foreign company. In this scenario, the foreign company that Vieorien deals with is the _____.
A) lessor
B) lessee
C) licensee
D) licensor

Question

Quizplus · Accepted Answer

The foreign company is the licensee because it has been granted the rights to produce Vieorien's products and use its trademark, while Vieorien is the licensor.

Vieorien, a Company Based in the Country of Dannistel, Has