What Should I Consider when Buying a Franchise?

Also called a concession. The right granted by a government department or by agreement to another party to exercise a particular function or sell a product. Franchise rights include monopoly and monopoly rights.

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Also called a concession. The right granted by a government department or by agreement to another party to exercise a particular function or sell a product. Franchise rights include monopoly and monopoly rights.
The monopoly right is that the client (exporter) gives the underwriter the exclusive right to sell the agreed goods within the specified area and period. The exporter has the obligation not to directly sell goods to customers in the area.
The exclusive right of purchase is the obligation of the underwriter to purchase the agreed goods from the exporter, and not to purchase similar goods from a third party.
Chinese name
Franchise
Foreign name
Exclusive right
Also known as
Concession
Award company
Use of trademarks, patents,
The franchise granted by the government is mainly
When obtaining a franchise from other companies, first pay the initial franchise cost, and then periodically pay the franchise fees during the use of the franchise. When accounting, the initial franchise costs will be capitalized and will be periodically The franchise fees paid are included in the current expenses.

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