Franchising and Business

A franchise is commercial relationship between the owner of a trademark, service mark, trade name, or advertising symbol and an individual or group wishing to use that identification in a business. sort of like McDonalds, or Taco Bell. The franchise governs the method of conducting business between the two parties. Generally, a franchisee sells goods or services supplied by the franchisor or that meet the franchisor's quality standards. Franchising is based on mutual trust between the franchisor and franchisee. …