Franchising is a legal and commercial relationship between the owner of a trademark, trade name, or advertising symbol and an individual or group of people seeking the right to use that identification in a business.

Question

Quizplus · Accepted Answer

Franchising is indeed a legal and commercial relationship where the franchisor (the owner of the trademark, trade name, or advertising symbol) grants the franchisee (an individual or group) the right to use its brand and operate a business under its business model and brand for a certain period of time, in exchange for a franchise fee and ongoing royalties.

Franchising Is a Legal and Commercial Relationship Between the Owner