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A franchise is an agreement between two people/parties which allows the person or group (the franchisee) to sell a product or service that is trademarked to someone else (the franchisor). The biggest franchises we see on the high street are fast-food chains like McDonald’s, Burger King etc but are also seen in situations like fitness instructors and dance/acting clubs. An established brand 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 that is already well known without the huge costs that come with that kind of...