A franchise agreement is a contract whereby the franchisor grants the franchisee a licence to carry on a particular business under a name belonging to the franchisor and making use of his business.

Franchising .

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Understanding the Context

18: 1/8 1/4 3/8 1/2 5/8 3/4 7/8 This is an arithmetic sequence since there is a common difference between each term. In this case, adding 18 to the previous term in the sequence.

franchisee: Outlet store dealers Wholesalers sub-con = outsource consignment process.

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Key Insights

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