Franchise Contract
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Franchise Contract
A Franchise Contract is an agreement between a franchisor and franchisee. The franchisor owns the overarching company, trademarks, and products or services and allows the franchisee to use its brand and business model in exchange for a fee. This contract details the rights and obligations of both parties, including the use of the brand, business practices, training, marketing, and financial arrangements.
It ensures consistency across all franchise locations, helping maintain the brand’s reputation and customer experience. Additionally, franchise contracts often include provisions for ongoing support and updates, ensuring franchisees remain competitive and aligned with the brand’s evolving strategy.