Examlex
Lawsuits against a company in connection with an industrial accident would not be disclosed in the notes to the financial statements as a contingent liability until the lawsuits have been settled.
Sharing Contracts
Agreements that involve distribution of profits or losses among parties based on pre-determined criteria.
Franchising
A method of business expansion where a company (franchisor) allows individuals (franchisees) to operate a business using its trademarks and business model.
Franchisor Fee
A payment made by a franchisee to the franchisor, typically including an upfront purchase price and ongoing royalty fees, for the right to use the franchisor's brand, products, and operational support.
Commission
A service charge assessed by a broker or investment advisor in return for providing investment advice or handling purchases and sales of securities.
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