Franchising A franchise, by definition is a legal spec that allows one organization with a product, idea, name or certification to grant certain rights and information about operating a agate line to an independent business proprietor. In return, the business possessor (franchisee) pays a tiptoe and royalties to the owner. This one-time fee paid by the franchisee to the franchisor is referred to as a franchise fee. The fee pays for the business concept, rights to use trademarks, admiration assistance and other services from the franchisor.
This fee gives the franchisee the right t o reelect in and operate a business using the franchisor?s business ideas and products. A royalty fee is a continual fee paid by the franchisee to the franchisor. The royalty fee is normally a percentage of the gross revenue earned by the franchisee. The federal official employment Commission (FTC) is authorized by the United States intercourse to regulate the franchise business. The Federal Trade Commission oversees the...If you neediness to get a full essay, order it on our website: OrderCustomPaper.com
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