The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.
A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.
Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.
Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.
The correct alternative is letter A.
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