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Franchising is, of course, very common among unrelated parties. Such arrangements are also often seen multinational groups: for example, many intercompany value chain structures are inspired by them. MNEs may also use third party franchise agreements for benchmarking/comparables. Here's a summary of the key issues. (For a more detailed analysis, check out our podcast on the subject: https://lnkd.in/e4hu9jNm.)

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