What Is A Franchise
Hasril Bin Noordin 2 - Thu 2/Sep/2010 4:57am [Last Comment]
Hasril Bin Noordin 2 - Thu 2/Sep/2010 4:57am [Last Comment]
A franchise is a right granted to an individual or group to market a company's goods or services within a certain territory or location. The purchaser of a franchise is called a franchisee. The franchisee purchases the franchise from the franchisor for a fee and/or a percentage of sales.
1. Victor 4 - Thu 2/Sep/2010, 1:05pm
In simple, Franchise is duplicate/copy a success business model. For those who are new and want to be in business, it is good as someone would assist/guide you to the right way for the business. In return, franchise have to paid franchise fee and royalty fee every month.
In simple, Franchise is duplicate/copy a success business model. For those who are new and want to be in business, it is good as someone would assist/guide you to the right way for the business. In return, franchise have to paid franchise fee and royalty fee every month.
2. Hasril Bin Noordin 2 - Thu 2/Sep/2010, 1:11pm
The franchisor owns the overall rights and trademarks of the company and allows its franchisees to use these rights and trademarks to do business. The franchisor usually charges the franchisee an upfront franchise fee for the rights to do business under the franchise name. In addition, the franchisor usually collects an ongoing franchise royalty fee from the franchisee. The franchisor has to be registered with ROF, the Registrar of Franchise, authorised by the Franchise Act 1998. Incompliance is considered as an offence.
The franchisor owns the overall rights and trademarks of the company and allows its franchisees to use these rights and trademarks to do business. The franchisor usually charges the franchisee an upfront franchise fee for the rights to do business under the franchise name. In addition, the franchisor usually collects an ongoing franchise royalty fee from the franchisee. The franchisor has to be registered with ROF, the Registrar of Franchise, authorised by the Franchise Act 1998. Incompliance is considered as an offence.
3. Hasril Bin Noordin 2 - Thu 2/Sep/2010, 1:20pm
Thank you Victor 4 for contributing. My intention is to create awareness in FRANCHISE business in Malaysia
Thank you Victor 4 for contributing. My intention is to create awareness in FRANCHISE business in Malaysia
4. Hasril Bin Noordin 2 - Fri 3/Sep/2010, 4:49am
A franchisee is an individual or company who purchases the rights to use a company’s trademarked name and business model to do business. The franchisee purchases a franchise from the franchisor by paying an upfront franchise fee and other related costs. The total investment cost depends on the franchise system. The franchisee must follow certain rules and guidelines already established by the franchisor in the franchise system, and in most cases the franchisee must pay an ongoing franchise royalty fee to the franchisor. Franchise Act 1998 is an Act to provide for the registration of, and to regulate, franchises, and for incidental matters.
A franchisee is an individual or company who purchases the rights to use a company’s trademarked name and business model to do business. The franchisee purchases a franchise from the franchisor by paying an upfront franchise fee and other related costs. The total investment cost depends on the franchise system. The franchisee must follow certain rules and guidelines already established by the franchisor in the franchise system, and in most cases the franchisee must pay an ongoing franchise royalty fee to the franchisor. Franchise Act 1998 is an Act to provide for the registration of, and to regulate, franchises, and for incidental matters.
5. Hasril Bin Noordin 2 - Wed 22/Sep/2010, 9:32am
A FRANCHISE SYSTEM is the distinctive business format and methods developed and implemented by the Franchisor in connection with the operation of the Business utilizing and comprising the Proprietary Marks, Confidential Information, Standards, Specifications, Methods, Identifying Schemes and Materials, Insignia, Management Methods Plans, Directions, Marketing and Advertising Techniques and Standard Operational Procedures in accordance with the Manuals all of which may be varied from time to time by the Franchisor at its absolute discretion
A FRANCHISE SYSTEM is the distinctive business format and methods developed and implemented by the Franchisor in connection with the operation of the Business utilizing and comprising the Proprietary Marks, Confidential Information, Standards, Specifications, Methods, Identifying Schemes and Materials, Insignia, Management Methods Plans, Directions, Marketing and Advertising Techniques and Standard Operational Procedures in accordance with the Manuals all of which may be varied from time to time by the Franchisor at its absolute discretion
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