Franchise
Definition:A franchise in its’ simplest form is an agreement or license entered into by two parties, the franchisor and the franchisee. –Which Franchise
Franchises are licensing arrangements whereby an individual or group can buy the right to trade and produce under a well-known brand name in a given locality. A franchise involves you using another company’s successful business model – and name – to establish your own business. The franchisee benefits from working for themselves while having the privilege and reputation associated with a much larger group.