Speedy sneakers has given a foreign entity the right to produce and sell its running shoes in return for a royalty fee on every unit sold. This is called.

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25-10-2022
Social Studies

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Speedy sneakers has given a foreign entity the right to produce and sell its running shoes in return for a royalty fee on every unit sold. This is called.

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Bhupendarkumar Bhupendarkumar · Answer 1 · 2022-10-28T09:18:39+02:00

Speedy sneakers has given a foreign entity the right to produce and sell its running shoes in return for a royalty fee on every unit sold. this is called false Licensing.

What is Licensing?

Obtaining a licence from a business (the licensee) allows you to produce and market one or more of its products in a certain market region. Normally, the business that acquires these rights (the licensee) consents to pay a royalty charge to the original owner.

In the world of business, licencing is a contract between two parties where one party rents its intellectual property (IP) to another party under particular terms and circumstances.

By permitting the use of its patented or copyrighted content by another company, a company can make money from licencing agreements, also known as royalties. Songs, sports team logos, intellectual property, technology, and software are a few examples of items that can be licenced.

To learn more about Licensing visit:

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