Welcome to the 1520 Perfect Dictionary
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| Franchising | |
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| FRANCHISING Definition: The act of giving or selling a franchise to somebody. ______________________________________________________________________ * All eight elements should be in. 1. Purposeful and necessary for the parties involved. 2. An application/request and/or offer is made. 3. Eligibility of franchisee is confirmed through appropriate means, processes and/or procedures. 4. Discussions are held and concluded between the parties to do transaction. 5. Agreement(s) is/are signed and appropriate documentation concluded. ______________ a. General terms and specific conditions are written. b. List, number, quality, etc. are stated. c. Payment terms and conditions. d. Duration and exit clauses are highlighted. e. Condition(s) for review, if any, are mentioned. f. Penalties for breaches, if any, are stated. g. Arbitration rules are specified. h. Incidentals - areas of cooperation, location, staff training, logistic support, etc. are listed. i. j. _________________________________________ See perfect TOTAL QUALITY MANAGEMENT. 6. Supervision, as necessary, and/or as in agreement, is undertaken in new outlet(s), branches, etc., especially in respect of new construction, equipment, etc. 7. Provision, supply, etc. is monitored by franchiser. 8. Gain or profit envisaged by arrangement is achieved. That is, act serves purpose(s). ___________________________ SO, WHAT DIFFERENCE ? | |
1520 Products |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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 1520 Sex Game |
 1520 Puzzles |
 1520 Marriage Game |