Examlex
What are some of the benefits of networking?
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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