
Franchise
Exclusive Territory
A franchise often provides exclusive rights to operate in a specific area, preventing others from selling the same brand there.

Her coffee shop franchise gives her exclusive rights in the downtown area.
Initial Investment
Buying a franchise usually requires an initial fee plus ongoing royalties to the franchisor.

He paid a large initial fee for his restaurant franchise.
Compare with
AuthorizationBrandCertificateConcessionConsentLicenseOwnershipPartnership
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