This is an agreement that allows one party to use an industrial property right in exchange for payment to the other party.
A)Franchise
B)Joint venture
C)License
D)Certificate of proprietary usage

Question

Quizplus · Accepted Answer

A license agreement allows one party (the licensee) to use an industrial property right owned by another party (the licensor) in exchange for payment. This can include patents, trademarks, copyrights, or trade secrets. The licensee pays a fee to the licensor for the right to use the property and must adhere to any restrictions placed on the use.

This Is an Agreement That Allows One Party to Use