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Panda Express offers individuals in China the right to use its brand name and all related trademarks and its business know-how, such as secret recipes and customer interfacing techniques, in return for royalties. Panda Express is acting as the ____ in this scenario.Group of answer choicesLicensorLicenseeFranchisorFranchisee

Question

Panda Express offers individuals in China the right to use its brand name and all related trademarks and its business know-how, such as secret recipes and customer interfacing techniques, in return for royalties. Panda Express is acting as the ____ in this scenario.Group of answer choicesLicensorLicenseeFranchisorFranchisee

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Solution

Panda Express is acting as the Franchisor in this scenario.

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An Act to Provide for the Registration and Protection of Trademarks, Trade-Names, and Service-Marks

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