Types of Franchising
Franchising began so long in the day. Before 1800, franchising was practiced, but the privileges were only given to kings, the lords, the courts, high-ranked church officials, and other personages. Generally, franchises can be defined as rights granted by the government, a company, or a group of companies to a person or groups of people. For a franchise to be successful, some considerations are necessary. For example, commitment from both parties, shared interests and agreed on measures for dispute resolution. There are several types of franchises, including private and government-granted franchises. An example of a private franchise is a business franchise. In business, a franchise refers to a business model in which an already established company or brand (franchisor) permits an independent business owner or owners (franchisee) to use its brand or company name at an agreed fee; for example, MacDonald and KFC (“The Franchise Business Model: Everything You Need to Know | Tulane School of Professional Advancement,” 2022). In government, a franchise is a legal right granted to an individual or a group of persons to operate public utilities such as electricity, water, and transport like bus services.
I have never been directly involved in a franchise as a franchisor or a franchisee. However, I have information from the interactions I’ve had with people who’ve been involved in either the government or privately granted franchises. From the person involved in the government franchise, I learned that it is advantageous since the government provides training to the individuals required to operate their business (“Advantages and disadvantages of buying a franchise | Business Queensland”, 2022). Additionally, the franchise business success rate is higher than starting a new business. Consistently, from the business owner granted a private franchise, I learned that market testing is not required since the services and products already have a well-established market. Also, the franchisee gets exclusive rights since a franchisor would not sell the same franchise in the same place. In both franchises, the experiences are different because the government offers franchises that are different from those of private companies. If franchising were outlawed, there would be massive job losses. Secondly, business expansion would be limited since most businesses today are well-established globally because of franchising.
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References
Advantages and disadvantages of buying a franchise | Business Queensland. Business.qld.gov.au. (2022). Retrieved 18 August 2022, from https://www.business.qld.gov.au/starting-business/buying-business/buying-franchise/advantages-disadvantages.
The Franchise Business Model: Everything You Need to Know | Tulane School of Professional Advancement. Sopa.tulane.edu. (2022). Retrieved 18 August 2022, from https://sopa.tulane.edu/blog/franchise-business-model-everything-you-need-know.
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Question 
This week, we spoke, in part, about franchises. Recall the difference between a government-granted franchise and a private franchise. To be sure the distinction is clear, please describe the components of each type of franchise in your own words. Then provide an example of both a private and a government-granted franchise with which you interact regularly. What is your experience with each of these franchises? How does your experience with a private franchise differ from your experience with a government-granted franchise? Finally, think hypothetically. Pretend all franchises were outlawed. How would your life be different without these two franchises? What might some of the implications be?
Types of Franchising
Your paper should be at least one page, double-spaced.
Liuzzo, A. (2021). Essentials of Business Law (11th Edition). McGraw-Hill Higher Education (US). https://online.vitalsource.com/books/9781264126507
Chapters 12-15
03 Weblinks
Getting Out of a Contract
Unfortunately, many people enter into contracts that are either unfavorable or inconvenient. Typically, these people want to cancel the contract, but inconvenience is not a legally defensible reason for leaving a contract. This website provides reasons why people can extract themselves from a contractual obligation.
Monopoly Power
The popular board game may be the first thing that pops into your mind when you hear the term Monopoly power, but did you know that monopolies are illegal in the United States? Monopoly power is defined as a situation in which one or more people or firms control the market in a particular area or for a particular product. Nowadays there are laws preventing monopolies, but that has not always been the case. This weblink provides everything you need to know about monopolies.
Customizable Legal Documents and Contracts
Very few of us have a full-time lawyer at our disposal. However, this does not excuse us from trying to protect our interests when entering into business arrangements which may need contractual documentation. This site provides free sample documents that will assist you in your business career.