Franchising is a business arrangement where a franchisor sells a business idea and methodology or a "franchise business" to a franchisee, who operates the business under the franchisor's name. The franchisee is authorized to use and market goods or services under the franchisor's trademarks, service marks, and trade names for a specific length of time. In exchange for the advantage of not having to start the business from the ground up, the franchisee usually pays the franchisor an up-front fee and a percentage of sales. Each state has its own franchise information regarding the franchise law and regulations governing franchises. Franchising information and law brought to you by lawyers.com. Access more information here in the franchising practice center."
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