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WorksheetsSignificant Hospitality Contract
Total questions: 10
Worksheet time: 5mins
Which pathway option allows you to own a business, under the guidance and licensing of a large business's head office.
Buying an existing business
Opening a new business
Entering into a franchise agreement
When entering into a franchise agreement what is already established?
employees
business name
organisational culture of the business
business reputation
polices and procedures
Who provides all marketing materials for the other party including branding, packaging and signage
Franchisor
Franchisee
Are Hilton Hotels considered a franchise?
Yes
No
Which party needs to undertake training and coordinate staffing needs of the business?
Franchisee
Franchisor
Which party is the company that sets up the franchise arrangement and grants the licensing rights?
The franchisor
The franchisee
What is a Management Operating Agreement?
A group of professionals that plan and organize meetings and events for their employers and clients
A Contract between a parent company and operating company to allow to run the business with the brand name of the parent company
A contract that details the areas of responsibilities of the owner of a business and the entity selected by the owner to operate the business.
What are the common issues in a Franchise Agreement?
Brand
Duration
Permit and Licenses
All the above
When a Hospitality Manager negotiates for a supply of new bedsheets in his Hotel, what are the essential clauses he needs to ensure in the said contract?
Licenses and Permits, Identification of Who Is Authorized to Modify the Contract
Allowable Attrition, Deposit, and Cancellation Policies, Performance Standards
Payment Terms
Payment Terms, Delivery Date, Quality of Products, Indemnification, Non Performance Clause
What are not Exculpatory Clauses?
Swim at Your Own Risk
Pullman Hotel is not responsible for materials left in meeting rooms overnight
this clause seeks not to exculpate, or excuse, the hospitality operator from blame in certain situations.
Park at your own risk
