If you have franchise, you get the advantage of brand recognition and `comma`; but also a lot of support in running the business within a defined system. If you already have your own business and decide to join a Comma franchise, it means giving up control of how you currently run your business. One of the licensing professionals is the freedom for the licensee. As a general rule, a licensing agreement is entered into between two established companies. The licensee buys the right to use protected trademarks already recognized and appreciated by an integrated fan community. This makes licensing a safe investment and a great way to boost your business. (a) Brand License – A trademark license, i.e. you license and use your name or brand to duplicate your business and create a new site or service area; A licensing agreement is a contract in which the donor gives the taker permission to use something without transferring ownership. Licensing agreements are most often used for intellectual property, such as licensing. B of a brand, logo or brand. The flip side of franchising is the loss of control you have as a business owner, as the franchisor makes many decisions for you. Of course, some entrepreneurs see this narrowing of control as a relief and therefore an advantage.
In addition, earnings are generally slightly lower than those you have had your own business, because, as a franchisee, you generally have to pay a deductible fee to the franchisor. In relation to licensing, one of the major franchising professionals is the depth of the relationship between franchisees and franchisors. The franchise agreement may be complicated, but it also offers a wide range of possibilities. A franchise is an extension of an existing brand or a company that wants to grow. It is an asset of your brand that is subject to the federal law on securities of value. A licensing agreement is a written contract in which you give another person or company (the licensee) the right to use something. An intellectual property license is an agreement that gives a licensee rights to use the licensee`s trademark, logo, trademark, copyright, know-how or any other type of intellectual property of the licensee. Licenses can be very specific or broad in terms of the intellectual property that the taker can use and how they can use it. The case law shows that a court characterizes a franchise agreement where there is, among other things, a chain of the same store concept, b) in order to increase the chain`s recognition, (c) the franchisee with the right and power to use the franchisor`s logo for the sale of goods or services. In addition, the franchisor (d) provides the franchisee with know-how such as working methods and working techniques. Therefore, if a franchise structure is chosen, these elements should be governed by the franchise agreement.