A licensor receives _____ in return for granting the rights to intangible property to the licensee for a specified period.
A)intellectual property
B)interest
C)a fixed fee
D)a royalty fee

Question

Quizplus · Accepted Answer

A licensing agreement is an arrangement whereby a firm (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.

A Licensor Receives _____ in Return for Granting the Rights