<human>:  What's the difference between a franchise and a business?
<bot>: The main difference between a franchise and a business is that a franchise involves a contractual relationship between two parties whereas a business is an independent enterprise. A franchise typically involves a franchisor, who provides a business model and trademarked goods or services, and a franchisee, who pays the franchisor an up-front fee and royalties for the right to use the franchisor's branding and business model. In contrast, a business is an enterprise that is owned and operated independently, without contractual ties to any other company.