Question

Which of the following forms of business relationships lets a company grant patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country?

1) Licensing
2) Exporting arrangements
3) Joint ventures
4) Consortia
5) Strategic alliances

Answer 1

Licensing is the business relationship that lets a company grant patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country.

Step-by-step explanation:

The business relationship that allows a company to grant patent rights, trademark rights, and the rights to use technological processes to another company in a foreign country is known as licensing. Licensing agreements permit the licensee to use intellectual property owned by the licensor, which may include patents, trademarks, copyrights, and trade secrets, for a specific period and under certain conditions, fostering the spread of new technologies and collaborative business efforts internationally.