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Recently, the words of foreign origin are increasingly being heard. Among those – franchising or franchise. This article will help you understand what franchising is.
Franchising is an agreement between business entities, according to which one party (the franchisor) grants the right to do business to the other party (the franchisee) for a fee. In this case, under a franchise agreement, technology, trade secrets, a service mark, or a trademark are transferred. Continue reading