A Royalty Fee Is a Fee for the Continued Use

question 65

True/False

A royalty fee is a fee for the continued use of the franchisor's trade name,property,and assistance that is often computed as a percentage of the franchisee's gross sales.

---

Definitions:

Business License

Official authorization or permit granted by a governmental entity allowing an individual or company to conduct business within a certain jurisdiction.

Guides And Directories

Published materials that provide systematic lists of information and instructions to help users locate resources or understand a topic.

Paralegals

Trained legal assistants who perform various tasks to support lawyers, including document preparation and research.

Web Research

The process of using the internet to gather information and insights for various purposes, ranging from academic studies to market analysis.