International Licensing
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International Licensing is an arrangement whereby a foreign licensee purchases the rights to produce a company's products and/or use its technology in the licensee's country for a negotiated fee structure.
Definition
According to the Strategic Management by Parnell (4th edition),
- International Licensing. An arrangement whereby a foreign licensee purchases the rights to produce a company's products and/or use its technology in the licensee's country for a negotiated fee structure.
