Franchising is basically a specialised form of licensing in which the franchiser not only sells intangible property to the franchisee,but also insists that the franchisee agrees to abide by strict rules as to how it does business.

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Franchising is indeed a form of licensing where the franchiser not only sells intangible property but also enforces strict rules regarding how the franchisee conducts business.

Franchising Is Basically a Specialised Form of Licensing in Which