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the aggrement of franchising, who signs it , what document

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drugy | Student, Grade 10 | (Level 1) Salutatorian

Posted April 27, 2012 at 6:48 PM via web

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the aggrement of franchising, who signs it , what document

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dano7744 | College Teacher | (Level 2) Educator

Posted May 21, 2012 at 10:03 PM (Answer #1)

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A company and an individual, group of individuals, or another company enter into a contractual agreement to do certain things. This is a business arrangement where the franchiser promises to give the franchisee certain knowledge and skill in order to allow him to run a business. In return, the franchisee promises to give the franchiser a sum of money and to pay certain fees to acquire this knowledge and skill. Franchise agreements are not uniform. They have various terms and conditions and vary in price. Potential franchisees must meet certain financial requirements when being considered by the franchiser.

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