prime

Corporations must take certain issues into perspective earlier than franchising an organization. In exchange, the franchisee often pays the franchisor a one-time initial charge (the franchise fee) and a unbroken charge (referred to as a royalty) for the use of the franchisor’s trade name and operating methods. The franchisee is answerable for the day-to-day management of its independently owned business and advantages or dangers loss primarily based on his personal efficiency and capabilities.

Each social gathering to a franchise has a number of interests to protect. The franchisor is involved in securing protection for the trademark, controlling the enterprise idea and securing know-how The franchisee is obligated to hold out the companies for which the trademark has been made outstanding or well-known. There is a great deal of standardization required. The place of service has to bear the franchisor’s indicators, logos and trademark in a distinguished place. The uniforms worn … Read more