FRANCHISE AGREEMENT

A Franchise agreement contains the terms and conditions of the franchisee's agreement with the company. The most used terms made in a Franchise agreement are words like "enterprise", "franchise" and "successor". These three words basically mean that the company recognizes the individual who is the potential owner of the business and allows them to enter into an agreement whereby they are granted the right to use the business name, become a franchisee and have the complete control of all business operations. Other terms commonly found in a Franchise Agreement are terms such as "marketing efforts", "marketing support", "financial assistance" and "market research".