Franchise agreement
This query is : Resolved
04 January 2015
please explain me concept of franchise agreement
05 January 2015
franchise agreement is a legal contract in which a well established business consents to provide its brand, operational model and required support to another party for them to set up and run a similar business in exchange for a fee and some share of the income generated. The franchise agreement lays out the details of what duties each party needs to perform and what compensation they can expect.
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