✔️ Franchise Agreement
A franchise agreement is a contract between a franchisor and a franchisee that sets forth the terms and conditions of the franchise relationship. The agreement typically covers the franchisor's obligations, the franchisee's obligations, the term of the franchise agreement, the territory in which the franchise will operate, and the fees that the franchisee will pay.
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Associated business activities
Grant the right to franchise
Franchising is when a company allows another business to use its name and model. The franchisee pays an initial fee and ongoing royalties, and in return gets training and support. It's a way to expand quickly into new markets.
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