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LSDefine

Simple English definitions for legal terms

franchise fee

Read a random definition: land lease

A quick definition of franchise fee:

Franchise Fee: A franchise fee is a payment made by someone who wants to start a franchise business. It is a fee that the franchisor charges the franchisee for the right to use their brand name, products, and services. The franchise fee is usually a one-time payment, but it can also be an ongoing fee that the franchisee pays to the franchisor. This fee is used to cover the costs of training, support, and other services provided by the franchisor to the franchisee.

A more thorough explanation:

Definition: A franchise fee is a payment made by a person or company to obtain the right to use a franchisor's business model, brand, and support services. It is a one-time fee paid at the beginning of the franchise agreement.

Example: Let's say John wants to open a fast-food restaurant. He decides to buy a franchise from a well-known fast-food chain. The franchisor charges John a franchise fee of $50,000. In return, John gets the right to use the franchisor's brand name, business model, and support services. He also receives training and ongoing assistance from the franchisor.

Explanation: The example illustrates how a franchise fee works. John pays the franchisor a one-time fee to use their business model and brand name. In return, he receives support and training to help him run his business successfully. The franchisor benefits from the franchise fee by expanding their brand and generating revenue from franchisees.

franchise court | franchisor

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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