Franchising

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What is a franchise? How does franchise ownership work? What are the benefits and responsibilities attached to being a franchise owner?

In franchising, there are two parties involved. The franchisor authorizes the use of names and intangible rights to a franchisee for a fee.

Franchising is a business model where a franchisee gets the permission start a branch that uses the name and methods of the franchisor in exchange for royalty fees.