To apply for a motorcycle license you must be at least 16 years old and, if under the age of 18, must have held an instruction permit for a minimum of 6 months. If you are under 18 years of age, you must have parental consent to obtain your license. Licenses are valid for five years and expire on your birthday.
Where, at the end of an agreement for a fixed term, the franchisee, who may hold a right of renewal, may choose not to exercise that right. The franchisee may sell the business and the purchaser may be granted a new franchise agreement if that is permitted. There may be a breach of the franchise agreement by the franchisor. 2  There may be a breach of the franchise agreement by the franchisee. 3  Usually the agreement will provide for the franchisee to be given the opportunity to remedy his breach before the franchisor will terminate.
If the franchise is not opened and operating for 10 months and it has been determined that the franchisor has not completed substantial performance of its obligation until the unit is operating, then the $25,000 franchise fee revenue along with the $15,000 sales commission cost will be deferred until the unit opens.elationship Between Franchisor and Franchisee. When a franchise agreement gives the franchisor the right or option to purchase the franchiseeâs business, the likelihood of the franchisor purchasing the business must be considered in accounting for the initial franchise fee.