A franchise is a type of license that grants franchisee access to a franchisor’s proprietary business knowledge, processes, and trademarks, thus allowing the franchisee to sell a product or service under the franchisor’s business name. In exchange for acquiring a franchise, the franchisee usually pays the franchisor an initial start-up fee and annual licensing fees.
If you have any business, which is looking to grow through the Franchise model, drafting a comprehensive franchise agreement becomes essential.
Corpedia provides professional solutions for drafting and designing tailor-made Franchise Agreements and other ancillary documents/services. Get in touch with our professionals to know all the details.
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