Examlex
A union becomes the exclusive representative of an appropriate unit of employees when it has been selected by a majority of votes cast in a representation election under the:
Continuing Franchise Fees
Regular payments made by franchisees to the franchisor for ongoing support and the right to continue operating under the franchisor's brand and system.
Franchise Agreement
A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for running a franchised business.
Cost Recovery Method
A revenue recognition method where no profit is recognized until the costs of the sold goods or services are fully recovered.
Installment Sales
A method of sale that allows the buyer to make payments over a period of time, while the seller recognizes income as payments are received.
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