An initial license fee is a(n)________ payment for the privilege of being granted a franchise.

Name: An initial license fee is a(n)________ payment for the privilege of being granted a franchise.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An initial license fee is typically a one-time lump-sum payment that a franchisee pays to a franchisor for the right to operate a franchise business. This payment is made at the beginning of the franchising agreement and is usually non-refundable.

An Initial License Fee Is A(n)________ Payment for the Privilege