LO.3 Green Corporation and Red Corporation are engaged in a contract dispute over the use of Green’s trademarked name, Big Blue Taco. For a one-time payment of

$45,000, Green licensed Red to use the name Big Blue Taco, but the license did not require that Red use the same materials in its version of Big Blue Taco that Green uses.

Red also did not have to make any contingent payments to Green or buy any supplies from Green. Did Red purchase a franchise right from Green, or did Red purchase the name Big Blue Taco from Green?