MOORE 04-22-02 FRANCHISING: A franchise, by definition is a reasoned agreement that allows one organization with a product, idea, name or trademark to grant certain advanceds and information about operating(a) a logical argument to an independent business owner. In return, the business owner (franchisee) pays a fee 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 utilization trademarks, management assistance and other services from the franchisor. This fee gives the franchisee the right to open and operate a business using the franchisor’s business ideas and products. A royalty fee is a never-ending fee paid by the franchisee to the franchisor. The royalty fee is commonly a percentage of the gross revenue earned by the franchisee. The Federal Trade Commission ...If you want to get a full essay, order it on our website: Ordercustompaper.com
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