A(n)__________ leases the right to use its intellectual property to another firm.
A)Licensor
B)Licensee
C)Franchisee
D)Contractor
E)Expatriate

Question

Quizplus · Accepted Answer

A licensor is a company or individual that owns intellectual property, such as patents, trademarks, or copyrights, and allows another company to use that intellectual property in exchange for a fee or royalty payment. The company that uses the intellectual property is the licensee.

A(n)__________ Leases the Right to Use Its Intellectual Property to Another