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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 .   

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