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What is the definition of royalty fee 2024?
fee
royalty fee fee
Questioner:Owen Martinez 2023-05-05 02:19:24
The most authoritative answer in 2024
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Scarlett Brown——Studied at the University of Cambridge, Lives in Cambridge, UK.
Almost all franchises have an ongoing monthly or weekly franchise
fee (commonly referred to as a
royalty fee). This
fee is typically expressed as a percentage of the gross sales revenue of the business with its measurement period matching the timing of the payment obligation (with a slight lag to allow for processing).
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