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Royalty Fee

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Definition: A royalty fee is a set amount of money that a business franchise owner must pay to be part of a franchise system. Usually, the fee is calculated as a percentage of gross or net sales and it is paid weekly, monthly or quarterly. The fees cover the privilage of using the franchise's brand and the money is typically used to help the franchisor (or parent company of the franchise) offset administrative and support functions.
Also Known As: Royalties

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