In line with a franchising agreement, a franchisee may use ______.
A
geographic region exclusively
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B
patents, designs, trade secrets and business know-how
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C
trade marks, copyright and trade secrets
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D
all of the above
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Solution
The correct option is D all of the above
"Franchising is a form of licensing in which a parent company (the franchisor)
grants another independent entity (the franchisee) the right to do business in a
prescribed manner. This right can take the form of selling the franchisers
products, ‘using its name, production and marketing technique, or general
business approach.”
Donald W. Hacket
Thus it can be said that in a franchising agreement, franchisee uses patents, designs, its know-how, copyrights, trade marks so that it can sell the products of franchiser in the market by fulfilling proper legal requirements.