Franchise example sentences

Licensor/franchiser is paid by the licensee/franchisee by way of fees fixed in advance as a percentage of production or sales turnover.Amortisation refers to writing-off the cost of intangible assets like patents, copyright, trade marks, franchises, leasehold mines which have entitlements to use for a specified period of time.McDonald, Pizza Hut and Wal-Mart are examples of some of the leading franchisers operating worldwide.Since no or very little foreign investment is involved, licensor/ franchiser is not a party to the losses, if any, that occur to foreign business.The franchiser can be any service provider be it a restaurant, hotel, travel agency, bank wholesaler or even a retailer - who has developed a unique technique for creating and marketing of services under its own name and trade mark.One feature of the Constitution was its adoption of universal adult franchise.Both these documents were committed to the inclusion of universal adult franchise, right to freedom and equality and to protecting the rights of minorities in the constitution of independent India.It is the uniqueness of the technique that gives the franchiser an edge over its competitors in the field, and makes the would-be-service providers interested in joining the franchising system.One person, one vote,, one value In the last chapter we read about how the struggle for democracy was linked to the demand for universal adult franchise.Since the business in the foreign country is managed by the licensee/franchisee who is a local person, there are lower risks of business takeovers or government interventions.This is called 'universal adult franchise' or 'universal suffrage'.They did not believe in universal adult franchise, that is, the right of every citizen to vote.Under the licensing/franchising system, it is the licensor/ franchiser who sets up the business unit and invests his/her own money in the business.When a licensee/franchisee becomes skilled in the manufacture and marketing of the licensed products, there is a danger that the licensee can start marketing an identical product under a slightly different brand name.Such lapses on the part of the licensee/ franchisee can cause severe losses to the licensor/franchiser.