Licensing Trade

What is licensing?

• Agreement between two Businesses.

• The granting of permission to use intellectual property rights.

• None of the above

Types of Licensing Trade:

• Shop licensing

• Industrial Licensing

• Establishment food Licensing

• None of the above

Export and import are types of :

• Trade barriers

• Tariffs

• Licensing Trade

• All of the above

_________ is the party that provides the rights to the second part.

___________ is the part that receives the right of trade.