The hotel management contract is a written agreement between the owner and the operator of the hotel. The basis of this relationship is that the operator takes care of the daily work of the hotel and assumes all the additional responsibilities such as maintenance, front office, housekeeping, food and beverage handling and sales. The contract management company has the power to recruit and dismiss employees. The owner will authorize and pay for the capital project of the hotel, but the responsibility will be entrusted to the operator. Hotel management contracts can be long and complicated. The negotiation of this agreement, which concentrates the power of the owner and the rights of the operator. The first project is proposed by the potential operator. It is usually in favor of the operator, which allows the operator to look for a long-term contract. He does not want interference from the owner, but at the same time a continuous provision of investments for the expansion and growth of the project.
 A trademark identifies the trademark owner of a given product or service. trademarks may be used by others under licensing agreements; for example, Bullyland obtained a license to make Smurf figurines; Lego Group has obtained a license from Lucasfilm to launch Lego Star Wars; TT Toys Toys is a licensed manufacturer of children`s transport options.  The unauthorized use of trademarks by the manufacture and trade of counterfeit consumer goods is called counterfeiting. Entering into a management contract can create difficulties and problems for business owners. By entering into such agreements, companies risk their privacy. They lack experience or expertise in this area.