Lindsey and Martin Smith of Ontario, Canada, Have Paid McDonald's

Multiple Choice

Lindsey and Martin Smith of Ontario, Canada, have paid McDonald's a fee for limited permission to use its trademarks, copyrights, and know-how in running a fast-food restaurant in Ontario for the next five years. The Smiths have purchased a(n) :

A) license.
B) royalty.
C) IPR.
D) none of the above.