The article describes and introduces the content of Chemist Warehouse Retail Administrations Pty Ltd in detail. However, I would like to ask what is the definition of the partnership between companies? What is the difference between partnership and franchising between companies? Is partnership the same as an alliance?

In the article, 'Franchises are a priority sector for the FWO'. Could you please explain what franchise is? What are its advantages and disadvantages?

Could you introduce the definition of a limited partnership, whether Chemist Warehouse Retail can become a limited partnership, and please explain the difference between the implied authority and the apparent authority of the partnership?