franchising agreements

A franchising agreement is a legal contract between a franchisor (the company offering the franchise) and a franchisee (the individual or business purchasing the right). It grants the franchisee the license to operate under the franchisor’s brand, use its systems, and sell its products or services. In return, the franchisee pays fees and adheres to specified standards and procedures set by the franchisor. This arrangement helps expand the brand’s reach while providing franchisees with a proven business model and ongoing support, creating a mutually beneficial partnership.