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License Agreement Franchise

License Agreement Franchise

A franchise is a legal relationship in which one party called a “franchisor”, the other party, known as a “franchisee”, has the right to develop, establish and duplicate the operations of the franchisee`s business. There are many examples of franchise relationships throughout the U.S. economy and include restaurants like McDonalds, retailers like GNC, and companies in a large number of industries that even encompass the healthcare sector like American family care. If you purchase a franchise, you pay a fee for the right to operate a business, participate in a standard operating system, and use the franchise`s brand and proprietary information. The diversity of products and services offered by franchises makes the option attractive for many entrepreneurs or emerging business owners eager to grow and expand their business. McDonald`s is one of the best-known examples of a major franchise…

2021-09-26T02:36:32+00:00