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      Question

      What does licensing in IP law allow?

      A Permanent transfer of ownership Correct Answer Incorrect Answer
      B Temporary permission for others to use the IP under specific conditions without transferring ownership Correct Answer Incorrect Answer
      C Unlimited use by third parties Correct Answer Incorrect Answer
      D Use only by government entities Correct Answer Incorrect Answer
      E Automatic enforcement of rights Correct Answer Incorrect Answer

      Solution

      Explanation: Licensing grants permission to use IP for a defined period and under prescribed conditions while ownership remains with the original creator or owner .ย  ย 

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