Term

Franchise

The right to open a business under someone else’s name and with someone else’s system, for a fee paid to the brand’s owner.

The 21 Irrefutable Laws of Leadership, John C. Maxwell

Explained in

• The 21 Irrefutable Laws of Leadership, John C. Maxwell
• The E-Myth Revisited, Michael E. Gerber

  The right to run a business under someone else's name and by someone else's rules, for a fee paid to the owner of the brand.

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