Asked by Ghefhine Casilao on May 05, 2024

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Gary buys from Hook, Line & Sinker Corporation the exclusive right to sell its trademarked fishing gear in a certain area. Their franchise agreement requires Gary to pay certain administrative expenses. Their agreement may also require the franchisee to pay a percentage of the franchisor's

A) advertising costs.
B) personal expenses.
C) retirement income.
D) all of the choices.

Trademarked Fishing Gear

Fishing equipment that is legally protected against unauthorized use because it bears a distinctive mark, symbol, or name owned by the creator.

Administrative Expenses

Costs associated with the general administration of a business, such as salaries of senior executives and costs of general services.

Franchisee Payment

The financial remuneration a franchisee is required to pay to a franchisor, which may include initial fees, ongoing royalties, and advertising fees.

  • Understand the financial responsibilities that franchisors can enforce on franchisees.
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JM
James MartinMay 10, 2024
Final Answer :
A
Explanation :
Franchise agreements often require the franchisee to contribute to the franchisor's advertising costs to promote the brand, but not typically personal expenses or retirement income.