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Franchises. A franchise is an agreement under which an owner of a business idea, trademark and business "know-how" sells you the franchise rights to use these items. For example, your local Chevrolet car dealer is probably operating his or her dealership under franchise arrangements with General Motors who owns Chevrolet. You might be interested in a franchise so that you can sell a well-known product, obtain management advice, and participate in joint advertising.
If you want to consider this type of arrangement, make sure that the details are stated in a written agreement that you understand. Obtain the advice of a lawyer if you have any questions
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