Community Pharmacy Franchise Agreement In Nigeria
Community Pharmacy Franchise The Nigerian International Franchising Association (NIFA) defines franchising as a business arrangement whereby the franchisor grants the franchise operator (the "franchisee") the right to distribute certain products or services in a particular way, at a particular location and for specified periods of time. In return, the franchisee pays the franchisor fees and royalties. Franchise Definition A franchise simply refers to a situation whereby you or any other individual or group pays money to a company to enable them to use the company’s name, brand, and trademark to do business. Examples of successful franchises in Nigeria include Chicken Republic, Domino Pizza, Kentucky Fried Chicken (KFC), NNPC, Best Western Hotels etc. Read Also: Success Tips For Community (Retail) Pharmacy Practice However, the National Office for Technology Acquisition and Promotion Act, Chapter N62, Laws of the Federation of Nigeria, 2004 ("NOTAP Act") regulates t...
