Franchising

Franchising is the process by which an entity that has developed a particular way of doing the business expansion by giving the other entrepreneurs the right to use the franchisor's running business model in there location or different location for a particular period of time in exchange of fees.

Franchising is a special type of licensing agrangement where thw right to use the business model is supported by a license to use the intellectual property rights associated with that business.

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