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Application Specifications Describe the Way the Information System's Software Should

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Application specifications describe the way the information system's software should interact with users, store data, process data, and format reports.


Definitions:

Franchise Contracts

Legal agreements that allow for the licensing of trademarks and methods of doing business between a franchisor and franchisee, outlining the duties and rights of both parties.

Termination Notice

A formal written statement indicating the end of an agreement or employment, typically within a specified period.

Franchisee

An individual or company that has acquired the rights to use a franchisor's brand and business model in a specific territory.

Wind Up

The process of concluding or finalizing the affairs of a business or an entity, leading towards its dissolution.

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