What Is a Franchise?

Written by Adam Peck Category: Injury Law January 16th, 2013 1 min read

A franchise is where a company obtains a license from another established business. This license allows the company to do business in association with the established company, using its business methods, trademarks and other resources indicates Los Angeles Business Attorney Steven C. Peck.

Typical examples of franchises include fast food restaurants and realtors offices. For example, while there may be multiple realtor offices across the county known as Century 21 realty, the individual offices are generally separately owned and operated, and simply have a franchise agreement with Century 21 (in other words, they are not all part of a chain, like Wal-Mart) says California Business Law Lawyer Steven C. Peck.

In addition, franchising can also include a situation where a company sells goods which come from the franchisor or offers services controlled by the franchisor, using the franchisor’s trademark. The franchisor generally exercises some control over how the individual franchising business operates itself. Typical examples of this type of franchise include gas stations and car dealerships.

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Written by Adam Peck

Expertise: Personal Injury

Adam J. Peck, ESQ is a principal with Peck Law Group, APC. In 2008, Mr. Adam Peck received his Juris Doctorate from Whittier Law School where he graduated Cum Laude. His practice is primarily dedicated to representing Elders, Dependent Adults, along with their loved ones and family members, who have suffered horrific personal injuries.