Solved

Theodore and James Decide to Enter into an Agreement with a Firm

Question 6

Multiple Choice

Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their software, brand name, and software specifications in return for a lump sum payment. The firm is a service organization that plans to use the software to assist its customers. Their agreement is a(n) ________.


A) export agreement
B) licensing agreement
C) franchise agreement
D) import agreement

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions