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Franchise Agreement
The legal contract that binds both parties involved in the franchise.
Product-Distribution Franchise
A product-distribution franchise is a franchising arrangement whereby the franchisee is granted the right to sell the franchisor's branded products.
Business-Format Franchise
A franchise model where the franchisor provides the franchisee with a complete system for operating a business, including brand, operational procedures, marketing, and support.
Proven Product
A good or service that has been tested and confirmed to meet certain standards of quality or demand in the market.
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