A licensing agreement involves: a. a cooperative business arrangement where loca

Question

A licensing agreement involves:
a. a cooperative business arrangement where local owners and foreign owners work together
b. a business arrangement where the foreign owner has complete ownership interest in the manufacturing facilities
c. a business arrangement where the local government and the foreign owner work together
d. a contractual arrangement where one business grants another business access to its patents or other technologies
e. a oral agreement between a local official and a foreign business where the two parties agree to share information about the local business environment

Explanation / Answer

d.a contractual arrangement where one business grants another business access to its patents or other technologies

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