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An agreement under which one entity that has developed a particular pattern or format for doing business - the franchisor - grants to another entity - the franchisee - the right to conduct such a business provided it follows the established pattern.

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1. An agreement under which one entity that has developed a particular pattern or format for doing business - the franchisor - grants to another entity - the franchisee - the right to conduct such a business provided it follows the established pattern.





 
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