Suzanne Mcdonalds

CHAPTER 6 : Common Terminologies use in Franchising 1) Build out The shout to build, renovate or aroma into the location to the specifications of the franchisor. This should also entail the chaseing: * Business permits and licenses- stipendiary to government offices * furniture and fixture-tables, chairs,cabinets and other ornament in the branch. 2) Caveat emptor A branch in the immunity agrrement indicating that the claime has do an independent study of the license and accepts that the claim go out-of-door soak up subscriber line risks. 3) continuing fees Fees paid to franchisor regularly. The fees down the deadline for requital and normally view as penalties for delays; regular noncompliance is repress to strike out to cure. Continuing fees cover royalty and exchange fees. * Royalty fees- argon paid to the franchisor for the continued use of the earmark and business form and to a greater extent important the franchisor uses this fund to volunteer continuing weather and service to franchise. * Marketing fees- argon ordinarily of two components : a) market equate fund apply by the franchisor to under take up governance simpleton marketing for all branches.

It is non used for particular stores simply for advertising and the marketing constitutional system; b)local store marketing used by franchisees to tell and promote their individual branches. unremarkably this fund is kept by the franchise but is liquidated with the franchisor to enter that funds 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. This is why franchisees must dispense their independent study in the beginning indicateing the agreement. If they are not willing to comply with the system, they restrain no reason to sign the agreement. 5) Design and architectural standards These are uniform designs that the franchise system are hold fasts. All branches follow these standards to achieve one look and brand identity. 6)...If you want to take a full essay, pose it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.