Errol has just entered into a licensing agreement with a company in Spain for his children’s costumes business. What is the company in Spain doing for Errol’s company?

(1 point)
Responses

contracting to manufacture and ship Errol’s costumes to new markets

contracting to manufacture and ship Errol’s costumes to new markets

receiving a fee and royalties from Errol to produce and sell his costumes

receiving a fee and royalties from Errol to produce and sell his costumes

selling their company to Errol so that he can expand his business

selling their company to Errol so that he can expand his business

partnering with Errol on a project of joint benefit to both companies

1 answer

The company in Spain is likely receiving a fee and royalties from Errol to produce and sell his costumes.