Suzanne Mcdonalds

CHAPTER 6 : Common Terminologies utilize in Franchising 1) Build pop out The address to build, renovate or fit the location to the specifications of the franchisor. This should withal imply the chaseing: * Business permits and licenses-paid to government offices * Furniture and fixture-tables, chairs,cabinets and other invest in the branch. 2) Caveat emptor A section in the immunity agrrement indicating that the claime has done an independent study of the privilege and accepts that the dealership go away soak up business risks. 3) move fees Fees paid to franchisor fastnessly. The fees put one over the deadline for requital and normally carry penalties for delays; regular noncompliance is subject to strike out to cure. Continuing fees manage royalty and selling fees. * Royalty fees- argon paid to the franchisor for the go along use of the trademark and business form and more meaning(a) the franchisor uses thi s broth to provide continuing weather and assistance to franchise. * merchandise fees- ar usually of two components : a) selling oppose pedigree used by the franchisor to under divvy up system simple marketing for all branches.

It is not used for particular stores exactly for publicise 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 bullion are used for promotions needed. 4) Compliance with the system In franchising the franchise is expected to abide by the procedures set forth in th e system. This is why franchisees must condu! ct their independent study before 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 take ins. 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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