Speedy sneakers has given a foreign entity the right to produce and sell its running shoes in return for a royalty fee on every unit sold. this is called false Licensing.
An entity that has already been incorporated in another territory, state, or nation is referred to as a foreign entity. In addition to international organizations, foreign governments, and any agency or division of foreign governments, a foreign entity is any corporation, business produce, partnership, trust, society, or other entity or group that is not incorporated or organiszed to conduct business in the United States. A foreign corporation is a company that operates in another country.
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