A U.S.licensor will be most successful in maintaining effective control over licensees and preventing them from voiding the licensor's contract by:
A)using lawyers from both countries to write the licensing agreement.
B)insisting that all licensees have a published code of ethics.
C)receiving all the revenue earned by the licensees.
D)locally registering patents and trademarks to the U.S. firm and not to the licensees.

Question

A U.S.licensor will be most successful in maintaining effective control over licensees and preventing them from voiding the licensor's contract by:
A)​using lawyers from both countries to write the licensing agreement.
B)insisting that all licensees have a published code of ethics.
C)receiving all the revenue earned by the licensees.
D)​locally registering patents and trademarks to the U.S. firm and not to the licensees.

Quizplus · Accepted Answer

Locally registering patents and trademarks to the U.S. firm and not to the licensees will give the licensor greater control over the use of its intellectual property by the licensees, and prevent them from benefiting from it without adhering to the terms of the licensing agreement. This will also minimize or eliminate disputes over the ownership and use of intellectual property. Using lawyers from both countries, insisting on a published code of ethics, and receiving all revenue earned by licensees may help maintain control, but do not directly address the issue of intellectual property ownership and use.

A USLicensor Will Be Most Successful in Maintaining Effective Control Over