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Stop wondering "what if?" and start asking "why not?" buy/sell a franchise?
A franchise agreement governs a franchisor's business relationship with a franchisee.
In the United States, a firm must meet the Federal Trade Commission (FTC) Franchise Rule to become a franchise.
The franchise agreement outlines the rights the obligations of the franchisee and franchisor. This legally binding document, protects the intellectual property of the franchisor and creates consistency of operations by different licensees.
Franchisors are required to provide a franchise disclosure document (FDD) to prospective franchisees and give them 14 days to review the disclosures before signing it.
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