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A franchise fee is a fee or charge that one party, the franchisee, pays another party, the franchisor, for the right to enter in a franchise agreement. Generally by paying the franchise fee a franchisee receives the rights to sell goods or services, under the franchisor's trademarks, as well as access to the franchisor's business processes.
The franchise fee is set during initial negotiation of the franchise agreement, usually by a process in which the government requests bids from cable providers to serve their community. This fee can be renegotiated when the franchise agreement comes up for renewal, usually at intervals of 10 to 12 years.
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
The licence fee in 1963 was at $24 per year ($2 per month), touted at the time as being "one of the cheapest in this part of the world". [139] The licence fees are channelled to the Singapore Broadcasting Authority where they would be used to fund minority and public service programmes. [140] As of 1991, the licence fee was at $100 per year. [141]
A franchise agreement is a legal, binding contract between a franchisor and franchisee. In the United States franchise agreements are enforced at the State level. Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule . [ 1 ]
Pandesal, also written as pan de sal (Spanish: pan de sal, lit. "salt bread"), is a staple bread roll in the Philippines commonly eaten for breakfast. [1]
A local franchise authority (LFA) is a United States local government organization that, together with the Federal Communications Commission (FCC), regulates cable television service within the local government's area. [1] In some cases the LFA is the state, while in others it might be a city, county, or municipality.
Franchise tag, a designation of a player in the US National Football League whose contract is soon to expire that binds them to the team for one year at an enhanced salary; Sports league franchise, or League franchise, a local or regional business franchising operation under a particular sporting league in activities such as pool, darts, etc.