A company that pays fees and royalties for exclusive rights to local distribution of the product or service is called:

Name: A company that pays fees and royalties for exclusive rights to local distribution of the product or service is called:
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

A franchisee is the party in a franchising agreement that pays fees and royalties to the franchisor for the exclusive rights to operate a business under the franchisor's brand and system in a specific geographical area.

A Company That Pays Fees and Royalties for Exclusive Rights