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A franchise is basically an agreement between two legally independent parties which allows the person or group (the franchisee) to sell a product or service that is trademarked to someone else (the franchisor). This is often seen it situations like fitness instructors and dance / acting clubs where they is already an established brand set up that then allows individuals to pay a fee to use their company names and products to run their own business. This can be a great way to work under the name of a large company which is already well known without the huge costs that come with that kind of recognition. Very often there...