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What is a Franchise Agreement?

A Franchise is a Business agreement where a business owner (the franchisor) gives permission to someone else (the franchisee) to operate a branch of their business under the same name.The franchisee can sell the same products or services as the original business for a set period. It’s like renting a proven business model.The franchisor supports the franchisee with training, marketing assistance…

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This post first appeared on Prosper Law Publications, please read the originial post: here

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What is a Franchise Agreement?

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