Changes

'''Franchise''' is an [[agreement]] between two firms (or individuals) in which the first firm (''franchiser'') provides the other with the [[right]] to use the first firm's name and to sell or rent its products. The firm that receives the right is call ''franchisee''.

'''Franchise''' is an [[agreement]] between two parties in which the first party (the ''franchiser'') provides the other party (the ''franchisee'') with the [[right]] to use the first party's name and to sell or rent its products.

Many large companies in the service industry operate using franchising, such as most [[restaurant]]s and [[hotel]] chains.

Many large companies in the service industry operate using franchising, such as most [[restaurant]]s and [[hotel]] chains.