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There Are Four Popular Types of Franchising,one of Which Is

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There are four popular types of franchising,one of which is


Definitions:

Limited Liability

A legal structure where a person's financial responsibility is bounded to the amount invested in a business, protecting personal assets from company debts.

Professional Duties

Obligations that individuals in certain professions must follow based on standards of their profession and ethical guidelines.

Negligence

A lack of the customary caution that a reasonably prudent person would exercise in similar conditions.

Limited Partner

A limited partner is an investor in a partnership who is not involved in the day-to-day management and whose liability is limited to the amount of their investment.

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