\t\t\tMeaningLicensing is an arrangement in which a company (licensor) sells the right to use intellectual property or produce a company\'s product to the licensee, for royalty.Franchising is an arrangement in which the franchisor permits franchisee to use business model or brand name for a fee, to conduct business, as an independent branch of the parent company (franchisor).Governed byContract LawFranchising regulations or Company Law as the case may be.RegistrationNot necessaryMandatoryTraining and supportNot providedProvidedDegree of controlThe licensor has control on the use of intellectual property by the licensee, but has no control on the licensee\'s business.Franchisor exerts considerable control over franchisee\'s business and process.ProcessInvolves one time transfer of property or rights.Needs ongoing assistance of franchiser.Fee structureNegotiableStandard\t\xa0

1.	What is license and franchising?
Answer»		BASIS FOR COMPARISON	LICENSING	FRANCHISING
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