Examlex
New York still follows the
Franchises
A type of business model that allows an individual or group to operate a business using the branding and systems of an established company.
Franchisor
The owner of the trade name or trademark in a franchise.
Non-Exclusive Territory
A designated area where more than one entity is granted rights or privileges, such as sales or distribution, by an agreement.
Limited Liability Partnership
A partnership arrangement in which some or all partners have limited liabilities, protecting personal assets from business debts and liabilities.
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