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    LICENSING , FRANCHISING & AFFILIATION  
     
 
  THE VISION RETAIL MANAGEMENT (M) SDN. BHD.
   
 
VISION ENTERPRENEURSHIP PROGRAMME (VEP)
   
What is VEP ?
We sell to you our established business which is enjoying a stable growth.
The moment you start your business, you are making profit.
This is the HASSLE FREE business.
   
 
What is Licensing?
Licensing is the practice of leasing a legally protected property (such as a trademarked or copyrighted name, logo, likeness, character, phrase or design) to another party in conjunction with a product, service or promotion.
It is based on a contractual agreement between the owner of the property (or its agent) known as the licensor; and a licensee – normally a manufacturer or retailer. It grants the licensee permission to use the property subject to specific terms and conditions, which may include the purpose of use, a defined territory and a defined time period. In exchange for this usage, the licensor receives financial remuneration - normally in the form of a guaranteed fee and/or royalty on a percentage of sales.