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The disputes between the administrations of Presidents Benigno Aquino III and Rodrigo Duterte and the media conglomerate arose over the terms and conditions of the franchise renewal agreement. [ 24 ] [ 25 ] [ 26 ] Amid the controversy, the Congress of the Philippines , the country's legislature, was unable to renew the franchise before its ...
In North American broadcasting, a local marketing agreement (LMA), or local management agreement, is a contract in which one company agrees to operate a radio or television station owned by another party. In essence, it is a sort of lease or time-buy.
At the same time, the asset is depreciated. If the lease has an ownership transfer or bargain purchase option, the depreciable life is the asset's economic life; otherwise, the depreciable life is the lease term. Over the life of the lease, the interest and depreciation combined will be equal to the rent payments.
By establishing an orderly process for franchise renewal, the act protected cable operators from unfair denials of renewal. However, in order to be granted a franchise renewal, the act specified that cable operators' past performances and future proposals had to meet the federal standards in the new title.
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.
The Franchise Rule specifies what information a franchisor must disclose to a prospective franchise business as a franchise opportunity. [7] [8] Franchisors that practice franchise fraud will attempt to pressure a franchisee leaving the franchise system sign a non-disclosure agreement, confidentiality agreement, or a gag order. The gag order ...
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
World (often stylized in all-caps as WORLD) is a monthly Christian news magazine, published in the United States by God's World Publications, a non-profit 501(c)(3) organization based in Asheville, North Carolina. [3] World ' s declared perspective is one of Christian evangelical Protestantism. [4] [5]