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Part $1$

Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their$$ software, brand$$ name, and software specifications in return for a lump sum payment. The firm is a service organization that plans to use the software to assist its customers. Their agreement is$$ a$($n$)\_\_\_\_\_\_\_\_.$

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Part $1$

A$.$

franchise agreement

B$.$

export agreement

C$.$

licensing agreement

D$.$

import agreement