By that definition, a franchise is an agreement that: Associates the franchisee’s business with the franchisor’s trademark; Grants the franchisee the right to engage in the business of ...

With regard to the NYFSA definition of a “franchise”—it only requires the presence of two elements in any agreement: 1) a trademark license and a fee; or 2) a marketing plan and a fee.

After years of back-and-forth regulatory changes, a new bill aims to bring long-awaited clarity to the franchise industry.