When a parent company grants another, independent entity the right to do business in a specified manner, including the right to sell the parent company's products and use its name, production, preparation, and marketing techniques, this is called:

Question

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The scenario described is a typical franchising agreement, where a parent company grants an independent entity the right to use its branding, products, and marketing techniques in exchange for a fee or a percentage of the revenue generated. This arrangement allows the parent company to grow its business without incurring the costs of opening and operating new locations while giving the franchisee the opportunity to operate a business with a proven model and support from the parent company.

When a Parent Company Grants Another, Independent Entity the Right