Goldstar Hair Fashions, Inc. (Goldstar), a famous beauty salon chain based in the United States, plans to expand its business overseas. It decides to open a salon in London. Due to the prohibitive costs of doing so, it allows a local entrepreneur, Marjorie, to provide beauty services under its trade name. However, any failure to conform to Goldstar's standards of services on the part of Marjorie will result in termination of the agreement. Identify the type of agreement between Goldstar and Marjorie. How will Goldstar benefit from this agreement?

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The Answer of Goldstar Hair Fashions, Inc. (Goldstar), a famous beauty salon chain based in the United States, plans to expand its business overseas. It decides to open a salon in London. Due to the prohibitive costs of doing so, it allows a local entrepreneur, Marjorie, to provide beauty services under its trade name. However, any failure to conform to Goldstar's standards of services on the part of Marjorie will result in termination of the agreement. Identify the type of agreement between Goldstar and Marjorie. How will Goldstar benefit from this agreement?