Franchising is the practice of the right to use a firm’s business mo

1.	Franchising is the practice of the right to use a firm’s business model and brand for a prescribed period of time. Who are the parties involved in franchising?
Answer» There are two parties to a franchising agreement. They are: 1. Franchisor – The owner of a business who provides the franchise. 2. Franchisee – The individual who gets the right to operate the business or use the trademark.

Franchising is the practice of the right to use a firm’s business model and brand for a prescribed period of time. Who are the parties involved in franchising?

Answer»

There are two parties to a franchising agreement. They are:

1. Franchisor – The owner of a business who provides the franchise.

2. Franchisee – The individual who gets the right to operate the business or use the trademark.

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Franchising is the practice of the right to use a firm’s business model and brand for a prescribed period of time. Who are the parties involved in franchising?

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