A franchise is a privilege granted by an authority to an individual or legal entity.

Franchise rights refer to an individual or enterprise (the franchisor) who owns the ownership of a unique product, equipment, trade patent or service mark operating system and grants it to other individuals or enterprises (called the licensee). ) The right to conduct business activities in the same industry in a specific area and period in a predetermined manner.

Franchises generally include three different forms: trademark franchise rights, product franchise rights, and operating model franchise rights.

There are two types of franchise rights in our country. One is authorized by the government, which allows specific enterprises to use public resources or engage in specific businesses.

The second type is that one enterprise allows another enterprise to use the trademark or patent of the enterprise within a certain period and scope to carry out production and business activities under a unified business model.

The term of the franchise is freely agreed upon by the franchisor and the franchisee.