Which of the following is the purchaser of the license who pays royalties for the rights to use the licensor’s technology, know-how, and brand name?Group of answer choicesLicensorLicenseeFranchisorFranchisee
Question
Which of the following is the purchaser of the license who pays royalties for the rights to use the licensor’s technology, know-how, and brand name?Group of answer choicesLicensorLicenseeFranchisorFranchisee
Solution
The purchaser of the license who pays royalties for the rights to use the licensor’s technology, know-how, and brand name is the Licensee.
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