Common Contracts
1 similar Food Franchise Agreement contracts
Food franchise agreement pdfFood Franchise Agreement • August 8th, 2021
Practice of the right to use a firm's business model and brand for a prescribed period of time This article is about the business concept. For other uses, see Franchise. A McDonald's franchise in Moncton, New Brunswick, Canada Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word "franchise" is of Anglo-French derivation—from franc, meaning free—and is used both as a noun and as a (transitive) verb.[1] For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a
