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New York Still Follows the

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New York still follows the


Definitions:

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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