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franchise (an arrangement in which a company gives a business the right to sell its goods or services in return for a fee or a share of the profits: • We operate all of our stores under a franchise. • Disputes in the franchise industry typically involve such issues as contract termination, unpaid fees and territorial rights. LBED Alexander Demidov); licence to use (A licence to use or LTU is a licence to use an intellectual property such as a patent or trademark. This is distinct from other types of licence such as a licence to manufacture or copy the invention or design. It is the sort of licence commonly issued for the use of computer software. WK Alexander Demidov) |
