What is a Franchise: Definition

[MasudIbne756]

With franchising products , manufacturers control how retail stores distribute their products. Through this type of arrangement, manufacturers allow retailers to distribute their products and use their names and trademarks.
To obtain these rights, store owners must pay fees or purchase a minimum amount of products.

Through manufacturing franchising , a franchisor grants a nurse database manufacturer the right to produce and sell goods using its name and brand.
This type of franchising is common among food and beverage companies.


what is a franchise definition

A franchise is a type of license where one party (the franchisee) acquires a license to market the products, processes, and trademarks owned by a company (the franchisor) in order to sell a product or provide a service.
In exchange for obtaining the franchise and all the necessary information , the franchisee usually pays the franchisor an initial start-up fee (entrance fee) and an annual license fee (royalty).