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#comparisons
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What is trade marker compared with franchises ?
Ndayambaje Eric
Feb 3
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Feb 3
A trade marker refers to a symbol, logo, word, or phrase that is used to identify and distinguish a particular product or service from others in the market. It is a form of intellectual property protection that grants exclusive rights to the owner to use the mark in commerce.
On the other hand, a franchise is a business model where an individual or company (franchisee) is granted the right to operate a business using the brand, trademarks, and business model of another company (franchisor). The franchisee pays fees or royalties to the franchisor in exchange for the right to use their established brand and benefit from their support and expertise.
In summary, a trade marker is a specific element of intellectual property used to identify a product or service, while a franchise is a business arrangement where a franchisee operates a business using the brand and business model of a franchisor.
On the other hand, a franchise is a business model where an individual or company (franchisee) is granted the right to operate a business using the brand, trademarks, and business model of another company (franchisor). The franchisee pays fees or royalties to the franchisor in exchange for the right to use their established brand and benefit from their support and expertise.
In summary, a trade marker is a specific element of intellectual property used to identify a product or service, while a franchise is a business arrangement where a franchisee operates a business using the brand and business model of a franchisor.
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