A(n) ________ is an amount paid by the franchisee to the franchisor for the continued use of the franchisor's trade name, property, and assistance that is often computed as a percentage of the franchisee's gross sales.

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A royalty fee is commonly used in franchising and is an ongoing payment made by the franchisee to the franchisor for the use of the franchisor's trade name, property, and assistance. It is usually calculated as a percentage of the franchisee's gross sales. Assessment fees are one-time fees paid for specific business purposes. Lease fees are paid for the use of a physical space, while contingency fees are paid only if a certain specific event occurs.

A(n) ________ Is an Amount Paid by the Franchisee to the Franchisor