What is the definition of royalty fee 2024?
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Studied at the University of Cape Town, Lives in Cape Town, South Africa.
Almost all franchises have an ongoing monthly or weekly franchise fee (commonly referred to as a royalty fee). This fee is typically expressed as a percentage of the gross sales revenue of the business with its measurement period matching the timing of the payment obligation (with a slight lag to allow for processing).
2023-05-12 02:19:24
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Charlotte Patel
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Almost all franchises have an ongoing monthly or weekly franchise fee (commonly referred to as a royalty fee). This fee is typically expressed as a percentage of the gross sales revenue of the business with its measurement period matching the timing of the payment obligation (with a slight lag to allow for processing).