What does franchise agreement mean?
Definitions for franchise agreement
fran·chise agree·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word franchise agreement.
Wikipedia
Franchise agreement
A Franchise Agreement is a legal, binding contract between a franchisor and franchisee. In the United States franchise agreements are enforced at the State level. Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule. The Franchise Rule requires a franchisee be supplied a Franchise Disclosure Document (FDD ) (originally called Uniform Franchise Offering Circular (UFOC )) prior to signing a franchise agreement, a minimum of fourteen days before signing a franchise agreement.Once the Federal ten-day waiting period has passed, the Franchise Agreement becomes a State level jurisdiction document. Each state has unique laws regarding franchise agreements. A franchise agreement contents can vary significantly in content depending upon the franchise system, the state jurisdiction of the franchisor, franchisee, and arbitrator. It overall provides the investor with a product, a branded name and recognition, and a support system. A typical franchise agreement contains Franchise Disclosure Document (FDD) Disclosures required by state laws Parties defined in the agreement Recitals, such as Ownership of System, and Objectives of Parties Definitions, such asAgreement, Territory Area, Area Licensee, Authorized deductions, Gross Receipts, License Network, The System Manual, Trademarks, Start Date, Trade name, Termination, Transfer of license.Licensed Rights, such asTerritory, Rights Reserved, Term and Renewal, Minimum Performance StandardFranchisors Services, such asAdministration, Collections and Billing, Consultation, Marketing, Manual, TrainingFranchisee Payments, such asInitial Franchise Fee, Training Fees, Marketing Fund, Royalties, Renewal fee, and Transfer feeFranchisee Obligations, such asUse of Trademarks, Financial Information, Insurance, Financial and Legal responsibilityRelationship of Parties, such asConfidentiality, Indemnification, Non-Compete clausesTransfer of License, such asConsent of franchisor, Termination of license, Termination by licenseeOther provisions Governing law Amendments Waivers Arbitration Severability
Numerology
Chaldean Numerology
The numerical value of franchise agreement in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of franchise agreement in Pythagorean Numerology is: 9
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"franchise agreement." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/franchise+agreement>.
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