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LICENSING
, FRANCHISING & AFFILIATION |
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THE
VISION RETAIL MANAGEMENT (M) SDN. BHD. |
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| VISION ENTERPRENEURSHIP
PROGRAMME (VEP) |
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| What is VEP
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We sell to you our established
business which is enjoying a stable growth.
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The moment you start your business, you
are making profit. |
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This is the HASSLE FREE business. |
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| What is Licensing? |
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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. |
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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. |
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