What does business format franchising mean?

business format franchising meaning in Law Dictionary

The franchisee is licensed to make use of the franchisor’s products and trademark. The franchisee normally trained because of the franchisor available model and format including selling, advertising and marketing, workers procedures, inventory, and much more.

business format franchising meaning in Business Dictionary

Arrangement where a franchisee gets (aside from the right to sell items or services) the franchiser's styles, quality control and bookkeeping systems, running processes, team marketing offers, training, and (in the event of resorts and vacation agencies) globally reservation system.