A franchise agreement is the same thing as a joint venture.

Question

Quizplus · Accepted Answer

A franchise agreement is a contract whereby a company (known as the franchisor) grants permission (a license) to a foreign entity (known as a franchisee) to utilize the franchisor's name, trademark, or copyright in the operation of a business and associated sale of goods in a foreign state. In a joint venture with a company in the host state, the parties share profits and management responsibilities for a specific project.

A Franchise Agreement Is the Same Thing as a Joint