Co-operative Edu Tech

Thursday, 13 June 2019

Franchise


A franchise agreement is a contract in which the owner of franchise business (franchisor) grants a license to a business operator (franchisee), which allows the franchisee to run a business under franchisor's name. 
Franchise termination is termination of a franchise business license by a franchisor or a franchisee.
The franchise contract can be terminated in the following ways:
§  Terminate the franchise agreement on mutual terms.
§  Terminated by franchise agreement: some franchise agreements do provide the franchisee with an option to terminate.
§  A franchisor that is practicing Franchise fraud,that may lead to termination.


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