Soccer to the Masses is interested in global expansion but does not want to make a large financial commitment. Therefore, it decides to allow a Japanese company to manufacture and distribute products under the Soccer to the Masses name. This is a(n) ____ agreement.

Respuesta :

Answer:

licensing agreement.

Explanation:

Based on the information provided within the question I can say that this is considered a licensing agreement. This is a legal contract between two parties or entities, in which one grants the other with the rights to produce or sell their product as well as use their brand name or trademark which may be patented and otherwise illegal. This is what Soccer to the Masses is doing by allowing the Japanese company to use their name to distribute their product which the Japanese Company will get a percentage of the sales for their involvement.

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