A franchise is an agreement that allows one party to use an industrial property right in exchange for payment to the other party.

Name: A franchise is an agreement that allows one party to use an industrial property right in exchange for payment to the other party.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A franchise is a business arrangement under which one party (the franchisor) allows another (the franchisee) to operate an enterprise using its trademark, logo, product line, and methods of operation in return for a fee.

A Franchise Is an Agreement That Allows One Party to Use