Licensing (Crossword)

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Definitions of “Licensing”
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• The requirement that importers and/or exporters get government approval prior to importing or exporting
• A method of foreign operation cooperation whereby an organisation in one country agrees to permit a firm in another country to use the manufacturing
• Arrangement in which a local firm in the host country produces goods in accordance with another firm`s (the licensing firm`s>) specifications
• An arrangement under which an organisation (the licensor) grants another organisation (the licensee) the right to manufacture goods

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