FRANCHISE FORM

FRANCHISE FORM

In a franchise agreement, a franchiser grants the franchisee the right to use the franchiser's system and proprietary marks to operate a franchised business. The agreement may be limited to a particular location, and also restrict the franchiser from locating another business nearby. The agreement should specify the franchise fee, which may include a fixed initial fee as well as ongoing monthly royalty payments. Franchisees should understand the term of the agreement, the provisions for renewing the agreement, as well as any restrictions on transferring the franchise.

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