Rights & Duties of a Franchisor in a Franchise Agreement: Lawyers Advice
When a franchisor and a franchisee are entering into an agreement over a franchise unit, they do so by signing a franchise agreement. A franchise agreement is an agreement entered into by a franchisor and a franchisee in order to operate a franchise unit. This agreement specifies all the essential aspects of the franchise transaction like the location, operations, duration, fee, royalties etc. A franchise agreement does not have a standard format. It varies depending on the type of business and the working conditions of the franchise. However, the basic provisions of any franchise agreement are as follows:
Rights & Duties of a Franchisor in a Franchise Agreement: Lawyers Advice - (mylawyersadvice.com)
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