
Franchise Agreements
A franchise agreement is a legal contract between a franchisor (the brand owner) and a franchisee (a person or group buying the right to operate a business using the franchisor's brand). This agreement outlines the terms, costs, and responsibilities of both parties. The franchisee pays fees for the right to use the brand and must follow the franchisor's business model and standards. In return, the franchisor offers support, training, and marketing. Franchise agreements help maintain brand consistency while allowing individuals to run businesses under established names.