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Joel's Definition Of The Franchise Business Model

“The entrepreneur {The franchisor}, has invented a business, and its model, and is looking to replicate it, by partnering with people that would like an opportunity to own their own business, while building equity for themselves and their families. The franchisor’s own money is invested up front, while company growth is leveraged by using other people’s money. {The franchisees}”

This site, nor it's owner, offers legal advice. At all. Joel Libava is not a lawyer. He always recommends getting the advice of a great lawyer familiar with franchise contracts.