Examlex
How is a service delivered between departments of same organization classified?
Franchise Arrangement
A business model that allows individuals or entities to operate their business using the branding and systems of an established company in exchange for a fee.
Winding Up
The second of two stages in the termination of a partnership or corporation, in which the firm’s assets are collected, liquidated, and distributed, and liabilities are discharged.
Franchisor's Property
Assets, trademarks, or intellectual property owned by the franchisor that are licensed to franchisees under a franchise agreement.
Franchise Territory
a specified geographic area granted to a franchisee in which they have the rights to operate and market the franchisor's business.
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