Which Of The Following Is True Of A Franchise Agreement Made Between A Franchisor And A Franchisee

Franchising is a model for doing business. When you enter into a franchise agreement, the franchisor controls the name, brand and trading system you will use. The franchisor grants you the right to operate a business in accordance with its system, usually for a certain period of time. Your franchise agreement will tell you what will happen at the end of this period and, in some cases, you may not be able to keep your franchise business. McDonalds: McDonald`s is perhaps the most famous franchise in the world. The franchisor must return the rest of your money to you within 14 days. This right of termination during the « reflection period » applies only to new franchise agreements and not to extensions, transfers or extensions of the duration or scope of an existing franchise agreement. Due to the huge fees in traditional franchises, very few people cover the costs of becoming franchise owners. In the first quarter of 2010, Saladworks launched three new technological advancements for the franchise and its customers.

Although the parent-child analogy is sometimes used to describe the relationship between a franchisor and a franchisee, it is neither the legal nor the practical business relationship. As a very simplistic analogy, this can often confuse people who are not familiar with business relationships. « The goal is to make the agreement between the franchisor and the franchisee as balanced as possible, » Goldman said. .