Franchising model has proven to be one of the most profitable business models for worldwide expansion and development of businesses in this time of cut-throat competition between business due to the globalization. However, it is a difficult task to keep the Franchise up float, since the goodwill of the Franchisee is dependent on the acts of the franchisee. Therefore, it is quintessential for the Franchisor and the Franchisee to comply with their duties and obligation for success of the Franchise.
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