A franchise agreement and a joint venture are the same thing.

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A franchise agreement and a joint venture are not the same thing. A franchise agreement is a legal agreement between a franchisor and a franchisee where the franchisor gives the rights to use its brand, business model, and operational support to the franchisee in exchange for royalties and fees. A joint venture, on the other hand, is a business agreement between two or more parties where they agree to pool resources and expertise to undertake a specific business project or activity, share profits and losses, and maintain joint control over the venture.

A Franchise Agreement and a Joint Venture Are the Same