Where implemente a franchisor licenses its know-how, procedures, intellectual property, use of its business model, bran and rights to sell its branded products and services to a franchisee. Popular Terms Arrangement where one party (the franchiser ) grants another party (the franchisee ) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications. If buying an existing business.
Think of it like ordering from a prix fixe menu at a. Franchising is more like a full-service package. What is franchising a business?
They claim that franchising is one of the most successful methods of starting your own business. Startups takes a look at the pros and cons of franchising, how to choose a franchisor and the legal aspects involved in buying and selling a franchise.
