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Added for You - Currency Exchange Rates and International Franchising
As a website designer, developer and marketer, I get many requests for low-cost web site promotion techniques. Promoting a web site by writing and submitting articles to online directories is my number one answer. A majority of clients don't feel they know what to write about. Here are some ways
One of the greatest ways to make money online as many of us know, is by putting together a mailing list right away. This can lead to very targeted customers, and long lasting network relationships. If you have a mailing list, one way to start monetizing your list is by writing an ebook or even
It is for this reason that I had decided to add a clause into our international franchise agreements, which addressed this very issue below;
2.6 Currency
All fees, royalties and other payments referenced in this Agreement are stated in the currency of the United States of America (“U.S. Dollars”). All payments due to Franchisor under this Agreement shall be made in U.S. Dollars. Any fees or payments may be calculated and determined in the currency in which the receipts are denominated. However, payment of all such fees shall be made in U.S. Dollars based on the “Exchange Rate” in effect as of the last day of the date on which such fees or payments are due. As used herein, “Exchange Rate” shall mean the rate of exchange of the currency in which Gross Receipts of the Location are denominated and U.S. Dollars, as published in the United States edition of The Wall Street Journal on the next business day following the last day of the calendar month for which a fee or payment is due.
In the event a payment is transmitted after the date payment is due, the currency exchange rate used shall be the Exchange Rate as of the date payment was due or the Exchange Rate as of the date the payment is transmitted, whichever rate produces the larger amount in U.S. Dollars, and regardless of any Late Payment (as defined in Section 2.5 above) or of any other remedy for non-payment or untimely payment of sums due pursuant to this Agreement. Franchisee shall be responsible for obtaining and maintaining any and all necessary or appropriate governmental a
Kim Snider is the host of Financial Success Coaching on KRLD in the Dallas/Ft. Worth area. In one of her wonderful blog entries (Kimmunications) she defines success in entrepreneurialism this way, “One is E + S + I = FS and the other is .2(S) + .8(M) = FS. For those of you who don't like math, I
2.6 Currency
All fees, royalties and other payments referenced in this Agreement are stated in the currency of the United States of America (“U.S. Dollars”). All payments due to Franchisor under this Agreement shall be made in U.S. Dollars. Any fees or payments may be calculated and determined in the currency in which the receipts are denominated. However, payment of all such fees shall be made in U.S. Dollars based on the “Exchange Rate” in effect as of the last day of the date on which such fees or payments are due. As used herein, “Exchange Rate” shall mean the rate of exchange of the currency in which Gross Receipts of the Location are denominated and U.S. Dollars, as published in the United States edition of The Wall Street Journal on the next business day following the last day of the calendar month for which a fee or payment is due.
In the event a payment is transmitted after the date payment is due, the currency exchange rate used shall be the Exchange Rate as of the date payment was due or the Exchange Rate as of the date the payment is transmitted, whichever rate produces the larger amount in U.S. Dollars, and regardless of any Late Payment (as defined in Section 2.5 above) or of any other remedy for non-payment or untimely payment of sums due pursuant to this Agreement. Franchisee shall be responsible for obtaining and maintaining any and all necessary or appropriate governmental a
One of the most famous headlines ever used was done almost a hundred years ago and it went something like this Do you make these same mistakes in Spelling?. Most of the marketers out there today see nothing wrong with this headline, they say it is one of the best ever used. I agree for the most p
In the event a payment is transmitted after the date payment is due, the currency exchange rate used shall be the Exchange Rate as of the date payment was due or the Exchange Rate as of the date the payment is transmitted, whichever rate produces the larger amount in U.S. Dollars, and regardless of any Late Payment (as defined in Section 2.5 above) or of any other remedy for non-payment or untimely payment of sums due pursuant to this Agreement. Franchisee shall be responsible for obtaining and maintaining any and all necessary or appropriate governmental a
The information age is one of the most important things to happen to your dental marketing strategy. Having a great looking office, a great staff, plenty of training, and the most modern equipment does not guarantee that you will have a growing, expanding flow of clients who need your services. I
In the event a payment is transmitted after the date payment is due, the currency exchange rate used shall be the Exchange Rate as of the date payment was due or the Exchange Rate as of the date the payment is transmitted, whichever rate produces the larger amount in U.S. Dollars, and regardless of any Late Payment (as defined in Section 2.5 above) or of any other remedy for non-payment or untimely payment of sums due pursuant to this Agreement. Franchisee shall be responsible for obtaining and maintaining any and all necessary or appropriate governmental a
We all realize that the speed of change in organizations and in our lives is increasing dramatically. In order to succeed, employees must help one another survive this rapid change.Let me relate a story that happened to me to illustrate this point. Some years ago in July a weather front
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Believe it or not, some international franchise agreements do not have such a clause in them and for those franchising companies it might be too late to add such a clause after the fact. It is for this reason that I recommend any company considering franchising internationally to go see an international franchising attorney who has dealt with such things. I hope you will consider this in 2006.
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