MOORE 04-22-02 FRANCHISING: A franchise, by definition is a effectual agreement that allows one organization with a product, idea, name or trademark to grant certain remunerates and information about graze a commerce to an independent handicraft owner. In return, the business owner (franchisee) pays a tiptoe and royalties to th e owner. This one-time give paid by the franchisee to the franchisor is referred to as a franchise fee. The fee pays for the business concept, rights to center of attention abuse trademarks, management assistance and other services from the franchisor. This fee gives the franchisee the right to open and operate a business employ the franchisor’s business ideas and products. A royalty fee is a sustained fee paid by the franchisee to the franchisor. The royalty fee is normally a percentage of the gross revenue take in by the franchisee. The Federal Trade Commission (...If you want to lounge around a full essay, order it on our website: BestEssayCheap.com
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