Because a franchise can involve the license of a trademark, a trade name, or a copyright, the law governing intellectual property may apply in some situations.

Franchise

A business model where the brand and business system of a franchisor is licensed to a franchisee in exchange for fees or royalties.

Intellectual Property

Creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce.

Trademark

A sign, term, or expression that has been legally recognized or accepted through usage, symbolizing a corporation or a product.