true or false question licensing is a contractual agreement whereby someone with a good idea for a business…

true or false question licensing is a contractual agreement whereby someone with a good idea for a business sells others the rights to use the business name to sell a product or service in a given territory in a specified manner. o true o false need help? review these concept resources. read about the concept

true or false question licensing is a contractual agreement whereby someone with a good idea for a business sells others the rights to use the business name to sell a product or service in a given territory in a specified manner. o true o false need help? review these concept resources. read about the concept

Answer

Answer:

True

Brief Explanations:

Licensing is indeed such a contractual agreement. It allows a licensor to grant licensees the rights to use a business - name, trademark, etc. to sell products or services in a defined territory and manner.