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one firm allows another to produce or sell its product, or use its trademark, patent or manufacturing processes, in a specific geographical area, in return, the firm gets a royalty or other compensation.

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16y ago

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A cosmetic company decides to let another company sell its product in New Zealand It doesn't have an office or a sales force there but will collect a royalty This is an example of?

A foreign licensing agreement.


A cosmetic company decides to let another company sell its product in New Zealand it doesn't have an office or a sales force there but will collect a royalty this would be an example of?

A foreign Licensing agreement.


What is the word for this for is an agreement between you and the software manufacturer that gives you the right to use the software?

"Licensing" agreement.


What is licensing as a foreign market entry?

Licensing is defined as "the method of foreign operation whereby a firm in one country agrees to permit a company in another country to use the manufacturing, processing, trademark, know-how or some other skill provided by the licensor". It is quite similar to the "franchise" operation. Coca Cola is an excellent example of licensing. In Zimbabwe, United Bottlers have the licence to make Coke. Licensing involves little expense and involvement. The only cost is signing the agreement and policing its implementation.


How does a licensing agreement work and what are the key components involved in the process?

A licensing agreement is a legal contract that allows one party to use another party's intellectual property, such as patents, trademarks, or copyrights, in exchange for payment or royalties. The key components of a licensing agreement include the specific terms of use, duration of the agreement, payment terms, restrictions on use, and any other conditions agreed upon by both parties.


What is a licensing legacy agreement?

A licensing legacy agreement is a type of contract between two parties which gives authority for the use of something. This is commonly made between vendors and consumers on various products especially technological merchandise.


Is true about copying software?

Usually a licensing agreement attached to or embedded in the software (the end user licensing agreement, or EULA) will allow a certain number of copies to be made, for installation and backup. Further copying may be infringing.


What is true about copying software?

Usually a licensing agreement attached to or embedded in the software (the end user licensing agreement, or EULA) will allow a certain number of copies to be made, for installation and backup. Further copying may be infringing.


Is licensing proprietary technology to foreign competitors is the best way to give a firms competitive advantage?

Licensing proprietory technology to foreign competitors is the bes way to up a firms competitive advantage discuss


What activity represents a violation of the licensing agreement?

A violation of a licensing agreement occurs when an individual or entity uses the licensed material in a way that exceeds the terms set forth in the agreement. For example, distributing software beyond the permitted number of users, modifying the licensed product without consent, or using it for unauthorized purposes all constitute violations. Additionally, failing to pay the required licensing fees or using the material after the license has expired also breaches the agreement.


What has the author Enid Baird Lovell written?

Enid Baird Lovell has written: 'Researching foreign markets' 'The changing role of the international executive' 'Appraising foreign licensing performance' -- subject(s): Corporations, American, Foreign licensing agreements, American Corporations


Why is it important to read the licensing information that comes with clip art that you purchase?

If you use the clip art for something outside the terms of the licensing agreement, you can be sued for thousands of dollars.