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A franchise is an arrangement in which: the owner of intellectual propertysuch as a trademark, a trade name, or a copyrightsellsit to others to use

A franchise is an arrangement in which:

the owner of intellectual propertysuch as a trademark, a trade name, or a copyrightsellsit to others to use it in the selling of goods or services,

the owner of intellectual propertysuch as a trademark, a trade name, or a copyrightlicenses others to use it in the selling of goods or services

the owner of intellectual propertysuch as a trademark, a trade name, or a copyrightforces others to use it in the selling of goods or services

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