Mack is negotiating a franchise agreement with BigCo. The parties are discussing payment terms. Generally, payment in a franchise agreement is as follows: a. the franchisee makes a single large payment to purchase the franchise and no subsequent payments. b. the franchisee receives a stated percentage of the annual (or monthly) sales or volume of business done by the franchisor. c. the franchisor pays the franchisee for the use of the franchisee's physical facilities, with periodic payments based on sales. d. the franchiso
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Mack is negotiating a franchise agreement with BigCo. The parties are discussing payment terms. Gene...
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