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