Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:_

Question

Sladkaya [172]

1 year ago

14

Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:_

_____.

Business

1 answer:

maria [59] · Answer 1 · 2024-03-06T21:38:34+03:00

Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called: licensing.

A license is an official permission or license to do, use, or own something. A license is granted by one party to another by agreement between those parties. In the case of government-issued permits, permits are granted by the application.

A business agreement in which one company authorizes another to manufacture its products for a specified payment. There are several faster or more cost-effective ways to grow your business other than licensing your patents, trademarks, copyrights, designs, and other intellectual property to third parties.

Learn more about licensing here: brainly.com/question/26006107

#SPJ4