Franchisor-franchisee relationships don’t start vaguely and arbitrarily. Establishing a franchise involves more than a handshake, trust, good intentions, and an unspoken understanding of what both parties expect out of their relationship. It requires a record of clear, legally documented protections and obligations to set things in motion.
That record is referred to as a franchise agreement. Let’s take a closer look at what that term entails and what you can expect to see on one.
What is a franchise agreement?
A franchise agreement is a legally binding contract that establishes a relationship between a franchisor and a franchisee. These documents …
