franchisemalliin
Franchising is a business method where a franchisor grants a licensee, or franchisee, the right to use its trademark and business model. The franchisee typically pays an initial fee and ongoing royalties to the franchisor. This arrangement allows the franchisee to operate a business under an established brand name, benefiting from its reputation, marketing, and operational support. The franchisor, in turn, expands its business reach and revenue with limited capital investment.
Key elements of a franchise agreement include the use of trademarks, proprietary products or services, operational
The franchising model is prevalent in various industries, including fast food, retail, hospitality, and business services.