5. What are the main differences between a franchise agreement and a licensing agreement?

a. In a franchise partnership, the business belongs to the franchisee. The franchisee essentially runs the business for the franchisor, but at a fee. In a licensing partnership, the licensee only pays the licensor for a specific product, for which the licensor may have taken out patent rights b. In a franchise partnership, the business belongs to the government. The franchisee essentially runs the business for the country or state, for free. In a licensing partnership, the licensee only pays the licensor for a specific product, for which the licensor may have taken out patent rights c. In a franchise partnership, the business belongs to the franchisee. The franchisee essentially runs the business for the franchisor, but at a fee. In a licensing partnership, the licensee never pays the licensor for a specific product, for which the licensor may have taken out patent rights d. In a franchise partnership, the business belongs to a third-party investor. The franchisee essentially runs the business for the investor, for a commission. In a licensing partnership, the licensee only pays the licensor for a specific product, for which the licensor may have taken out patent rights

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