Advantages and Disadvantages of Franchising Essay Example.

Through franchising, the franchisee seeks to reduce the investment risk by associating with an established company. The franchisor owns the trademark or trade name and sells the right to use the identity to the franchisee. This payment is known as a franchise fee. The two people have to enter into a business contract.

The franchise is a business that is individually owned but it is licensed to operate under the umbrella of a major corporation, as Henry Cheeseman states in chapter 40 of his book Business Law, a franchise is a separate corporation from a corporation.

Franchising has exhibited dramatic growth since it offers some significant advantages when compared to other distribution methods. When starting a business or venturing into entrepreneurship, it is imperative for one to consider all options. One of the most suitable ways of achieving such an objective is to buy into a franchise.

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In 1997, the Ministry of Internal Trade established the first Chinese franchise law, the Regulation on Commercial Franchise Business, which included guidelines on such issues as trademarks, copyrights, and intellectual property protection.

Franchising is a business strategy for getting and keeping customers. It is a marketing system for creating an image in the minds of current and future customers about how the company's products.

Franchising is a style of business which has a lot of different but same branches throughout the world .The franchisee usually pays a one-time franchise fee plus a percentage of sales revenue as royalty, and in turn gains instant name and recognition, tried and tested products.

What Is a Franchise? Franchising is a form of business in which the owner, or franchiser, gives license to distribute products, services or methods of business to affiliated dealers, franchisees. In many cases franchisees are given exclusive access to a particular geographical area.

Accounting Essay Example: A franchise, by definition is a legal agreement that allows one organization with a product, idea, name or trademark to grant certain rights and information about operating a business to an i term paper.

Business Law. There are many laws in the world today that some may find are neither rational nor fair for all the parties involved in the situation. I have chosen two laws that I do not think are logical, these two are apparent authority and executory process. The first law I will be discussing is an agency this is the right one person has to execute business on behalf of another person or.

Franchise laws are particularly technical in their application (for example, if a Franchisor provides only 9 days of pre-sale disclosure rather than the required 10, the Franchisee has an automatic rescission right, even though the missing day was not the cause of any loss.).