Last decades and acquired new forms

The World Bank having gathered information about international trade and technology assembles

Data about payments for foreign royalty and license fees (reported by the IMF in the Balance

Of Payments Statistics Yearbook). Developing countries and CEITs made payments and received

In turn royalty and license fees. This category covers patents, copyrights, trademarks, industrial

Processes, and franchises, and for the use, through licensing agreements of products made from

Prototypes, such as manuscripts and films. Some of these, but not all, are presumed to be related to

The transfer of technology.

Terminological Vocabulary to Text 13.4. Try to memorize it

Licence trade (trade in licences) — лицензионная торговля

Franchising — франчайзинг, франшизинг, особые права, предоставляемые фирмой

Engineering — инжиниринг

Net (clear) patent licence — чистая патентная лицензия

Grantor of a licence — лицензиар

Holder of a licence — лицензиат

Expenses — издержки

8. [licence] royalty — роялти (периодический лицензионный платеж)

Lump sum payment (single payment) — паушальный (единовременный) платеж

Franchisee — франчайзи — мелкая фирма, действующая в рамках соглашения с франчайзером,

Получившая право продажи марочного товара другой фирмы