MOORE 04-22-02 FRANCHISING: A franchise, by definition is a legal agreement that allows one organization with a product, idea, name or trademark to grant certain remunerates and information about suck up a commerce to an independent stage business owner. In return, the business owner (franchisee) pays a tip and royalties to the owner. This one-time hire paid by the franchisee to the franchisor is referred to as a franchise fee. The fee pays for the business concept, rights to meat abuse 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 sustained fee paid by the franchisee to the franchisor. The royalty fee is normally a percentage of the gross revenue realize by the franchisee. The Federal Trade Commission (...If you want to pull in a full essay, order it on our website: BestEssayCheap.com
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