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.