In terms of licensing, which of the following is an intangible property?
A)Infrastructure
B)Machinery
C)Leased equipment
D)Advanced computing systems
E)Patent

Question

Quizplus · Accepted Answer

A licensing agreement is an arrangement whereby a licensor grants the rights to intangible property to another entity (the licensee) for a specified period, and in return, the licensor receives a royalty fee from the licensee. Intangible property includes patents, inventions, formulas, processes, designs, copyrights, and trademarks.

In Terms of Licensing, Which of the Following Is an Intangible