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Which steps does the "divorce cascade" usually involve?
Trade Name
A commercial name used by a company or business that differs from its legal registered name, under which it conducts business.
Franchise Agreement
A legal contract between a franchisor and franchisee, outlining the terms and conditions for the operation of a franchise.
Parent Company
A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.
Business-Format Franchising
A franchising arrangement where the franchisee is given not just the rights to sell a product or service, but also the detailed method to conduct the business.
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