Section 5
Franchising
By Boundless
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There are three major types of franchises - business format, product, and manufacturing - and each operates in a different way.
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A franchise agreement can have many benefits for both the franchisor and the franchisee.
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A franchise agreement can also have disadvantages for both the franchisor and the franchisee.
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Home franchise operations have made franchising more accessible and affordable than ever, but still require knowledge and expertise.
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Advances in technology benefits franchisors, franchisees, and the end customers.
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Franchising grew greatly in 2001 to 2005, before stagnating and following the growth trend of the rest of the economy in the years that followed.
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Franchises can be a powerful strategic tool in expanding globally, which has resulted in various trends in international adoption
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A Franchise Agreement is a legal, binding contract between a franchisor and franchisee, enforced in the United States at the State level.