Johnston International, a U.S. firm, signs a contract with Irkut, Ltd., a Russian company, to give Irkut
Question:
Johnston International, a U.S. firm, signs a contract with Irkut, Ltd., a Russian company, to give Irkut the right to sell Johnston’s products in Russia. This is
a. a distribution agreement.
b. a subsidiary.
c. direct exporting.
d. licensing.
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The answer is d licensing Heres why the other options are incorrect a distribution agreement While a ...View the full answer
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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