A contractual arrangement in which one firm grants access to its patents,trade secrets,or technology to another for a fee is a(n):
A)exporter.
B)sales company.
C)management contract.
D)joint venture.
E)license.

Question

Quizplus · Accepted Answer

The contractual arrangement described in the question refers to a licensing agreement, where one company grants access to its intellectual property to another company in exchange for a fee. This allows the licensee company to use the technology or patents to develop products or services, while the licensor company earns revenue through the licensing fee without having to produce or market the product themselves.

A Contractual Arrangement in Which One Firm Grants Access to Its