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For example, several decades later, General Motors Corporation established a somewhat successful franchising operation in order to raise capital.
Perhaps the father of modern franchising, though, is Louis Kroh Liggett.
Consequently, franchising was not a growth industry in the United States.
It was not until the 1960s and 1970s that people began to take a close look at the attractiveness of franchising.
As of 2005, there were 909,253 established franchised businesses, generating 0.9 billion of output and accounting for 8.1 percent of all private, non-farm jobs.
In return the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a Franchise Agreement.
The word "franchise" is of Anglo-French derivation—from franc, meaning free—and is used both as a noun and as a (transitive) verb.
The franchisees did little more than sell the products, though.
The sharing of responsibility associated with contemporary franchising arrangement did not exist to any great extent.