Suzanne Mcdonalds

CHAPTER 6 : Common Terminologies use in Franchising 1) Build break The address to build, renovate or fit the location to the specifications of the franchisor. This should in any case imply the chaseing: * Business permits and licenses-paid to government offices * Furniture and fixture-tables, chairs,cabinets and other change in the branch. 2) Caveat emptor A section in the immunity agrrement indicating that the claime has done an independent study of the license and accepts that the immunity go away soak up business risks. 3) continue fees Fees paid to franchisor perpetually. The fees deplete the deadline for requital and normally carry penalties for delays; regular noncompliance is subject to strike out to cure. Continuing fees palm royalty and selling fees. * Royalty fees- argon paid to the franchisor for the proceed use of the trademark and business form and more distinguished the franchisor uses this ste mma to provide continuing weather and assistance to franchise. * selling fees- ar usually of two components : a) merchandise oppose line used by the franchisor to under seize system simple marketing for all branches.

It is not used for particular stores exactly for advertizing and the marketing entire system; b)local store marketing used by franchisees to advertise and promote their individual branches. unremarkably this fund is kept by the franchise but is liquidated with the franchisor to visualize that finances are used for promotions needed. 4) Compliance with the system In franchising the franchise is expected to abide by the procedures set forth in the system. T his is why franchisees must conduct their in! dependent study kind of signing the agreement. If they are not willing to comply with the system, they have no reason to sign the agreement. 5) Design and architectural standards These are uniform designs that the franchise system are keep abreasts. All branches follow these standards to achieve one look and brand identity. 6)...If you want to take a full essay, order it on our website: OrderEssay.net

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