Miami Training Support (MTS) produces materials for companies to use for training new hires as well as advanced training for employees who have been promoted to new positions. Most of the material has been created and produced by Miami employees. There is some unique content, however, and that material differentiates the company from competitors. MTS includes this content in all Its courses. This content was created and produced by one of the founders of MTS, who is about to leave the company. As a part of the compensation agreement to be signed, MTS may continue to use the unique content, but must pay the founder (the original creator) a royalty. Many of the details have been decided, but some specific issues need to be resolved. MTS is looking to you for advice on how to structure the agreement.

Miami Training Support (MTS) produces materials for companies to use for training new hires as well as advanced training for employees who have been promoted to new positions. Most of the material has been created and produced by Miami employees. There is some unique content, however, and that material differentiates the company from competitors. MTS includes this content in all Its courses. This content was created and produced by one of the founders of MTS, who is about to leave the company. As a part of the compensation agreement to be signed, MTS may continue to use the unique content, but must pay the founder (the original creator) a royalty. Many of the details have been decided, but some specific issues need to be resolved. MTS is looking to you for advice on how to structure the agreement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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