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| Franchising |
Franchising (from the French for honesty or freedom)[1] is a
method of doing business wherein a "franchisor" authorizes
proven methods of doing business to a "franchisee" for a fee
and a percentage of sales or profits. Various tangibles and
intangibles such as national or international advertising,
training, and other support services are commonly made
available by the franchisor, and may indeed be required by the
franchisor, which generally requires audited books, and may
subject the franchisee or the outlet to periodic and surprise
spot checks. Failure of such tests typically involve
non-renewal or cancellation of franchise rights.
method of doing business wherein a "franchisor" authorizes
proven methods of doing business to a "franchisee" for a fee
and a percentage of sales or profits. Various tangibles and
intangibles such as national or international advertising,
training, and other support services are commonly made
available by the franchisor, and may indeed be required by the
franchisor, which generally requires audited books, and may
subject the franchisee or the outlet to periodic and surprise
spot checks. Failure of such tests typically involve
non-renewal or cancellation of franchise rights.
| Buying A Franchise By Mark Andrew Harris |
| Franchises in UK By Simon John |