Business Franchising

Business franchising is a legal arrangement where a company (franchisor) grants an individual or group (franchisee) the rights to operate a business using its established brand, products, and systems. In return, the franchisee pays fees or royalties and follows the company's proven methods. This setup allows the franchisor to expand more quickly without bearing all the costs, while franchisees benefit from a recognized brand and support. Essentially, franchising is a mutually beneficial partnership that combines the franchisor’s proven business model with the franchisee’s entrepreneurial effort to grow a successful enterprise.