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Business
Format Franchising is the
granting of a licence by the Franchisor - the creator of a business
format, to the Franchisee - the investor, entitling the latter to
sell a product and/or to provide a service, utilising a package,
which contains all the elements necessary to establish a business
and run it to an established routine.
It is sometimes termed Business System Franchising and is
significantly different to Product or Bulk Buying Franchises, or
indeed a Manufacturing Franchise Business.
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