Asked by Amanda Turner on Feb 18, 2024



One way that a company can protect its product is by licensing its innovation to a large organization with protection already in place.This inventor then receives royalties.


A share of the income of a business paid by a franchisee to the franchisor.

  • Understanding the importance of protecting intellectual property in business.
  • Understanding the concept of royalties and their role in generating income for inventors.
  • Recognizing the potential benefits of licensing innovations to larger organizations.

Verified Answer

Brendan Mitchell

Feb 18, 2024

Final Answer :
Explanation :
Licensing a product to a large organization with established protection can help ensure that the invention is not copied or stolen by competitors. The inventor can then receive royalties from the licensed organization.