What Is A Franchise Agreement?

A Franchise Agreement is a contract that establishes a license between a franchisor, typically an established business, and a franchisee, typically a business or entrepreneur interested in owning and operating a location of the established business.

The purpose of a Franchise Agreement is to protect the franchisor’s intellectual property and to guarantee that all of its licensees are operating in consistently with one another and with the franchisor.

Keys Terms under A Franchise Agreement   

The Franchise Agreement template will set out important terms and conditions including:

      • The term length (which often does not exceed 10 years)
      • The franchisor’s duty to provide an operational model and required support to the franchisee
      • How much the franchisee will pay for the rights to own and operate the franchise




error: Content is protected !!