MANAGEMENT

Detailed explanation-1: -A franchise agreement is a legal agreement that is binding on the franchisor and the franchisee. The contract details the franchisor’s expectations from the franchisee, how the business must be operated, and so on.

Detailed explanation-2: -A franchise agreement is a contract under which the franchisor grants the franchisee the right to operate a business, or offer, sell, or distribute goods or services identified or associated with the franchisor’s trademark.

Detailed explanation-3: -There are no specific documents required to execute a Franchise Agreement. However, the franchisee must establish the fact the franchisor holds authority to delegate the franchisee and allied benefits to the franchisee.

Detailed explanation-4: -A legal document between the franchisor and franchisee which defines the roles and responsibilities of both the parties is known as Franchise Agreement. It is necessary to go through Franchise Disclosure Document (FDD) before signing the franchise agreement.

Detailed explanation-5: -Franchise agreement: The legal, written contract between the franchisor and franchisee which tells each party what each is supposed to do. Franchisee: The person or company that gets the right from the franchisor to do business under the franchisor’s trademark or trade name.