{"id":219100,"date":"2022-11-30T13:06:45","date_gmt":"2022-11-30T00:06:45","guid":{"rendered":"https:\/\/legalvision.co.nz\/?p=219100"},"modified":"2022-11-30T18:17:32","modified_gmt":"2022-11-30T05:17:32","slug":"franchise-and-joint-venture-differences","status":"publish","type":"post","link":"https:\/\/legalvision.co.nz\/franchising\/franchise-and-joint-venture-differences\/","title":{"rendered":"Differences Between an NZ Franchise and Joint Venture"},"content":{"rendered":"\n

When conducting a business, there are many structures you can adopt, from beginning a startup to buying an existing business. However, you can also buy a franchise or join a joint venture. The type of business you choose depends on your preference and business goals. Although they seem similar, they are pretty different. This article will outline the key differences between a franchise and a joint venture so you can make an informed decision.\u00a0<\/p>\n\n\n\n

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Franchisor Toolkit New Zealand<\/div>\n
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This publication provides you with the fundamentals for franchising your New Zealand business, including set up, branding and management.<\/p>\n <\/div>\n \n\nDownload Now<\/a> <\/section>\n <\/div>\n\n\n\n\n

What is a Joint Venture?<\/h2>\n\n\n\n

A joint venture<\/a> is when two companies work together on a single project. You work with another business during this structure to provide goods and services in a new market. Moreover, costs and profits are shared, and both companies operate on the same principles. <\/p>\n\n\n\n

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This structure works well when you want to enter a new market. You can have a joint venture with a company in your preferred market that is aware of the local consumer trends and preferences.<\/p>\n<\/div>\n\n\n\n

What is a Franchise?<\/h2>\n\n\n\n

As a franchisee, you can buy a franchise from your franchisor and operate the business based on the franchise agreement. Your franchisor will grant you a license to use their intellectual property, including logo, brand name, and goodwill. Moreover, you will implement the franchisor\u2019s existing systems and processes in your business.\u00a0<\/p>\n\n\n\n

With this structure, you can clone an established business, but you have less autonomy and individuality. <\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n

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