Franchise Agreement

Franchise Agreement

A legal contract between a franchisor and a franchisee, allowing the latter to operate under the brand’s name and business model.

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Description

A Franchise Agreement grants a franchisee the right to operate a business using the franchisor’s brand, trademarks, and business model. It defines the terms of brand usage, operational guidelines, fees, royalties, and marketing support. Franchise agreements also include training provisions, territory rights, renewal terms, and exit strategies. These contracts are essential in maintaining brand consistency and protecting intellectual property. Franchise agreements benefit both parties: the franchisee gains an established business model, while the franchisor expands its market reach. A well-drafted agreement ensures legal protection and operational success.