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A person who buys a franchise?
franchisee
What is the Buyer of the franchise called?
He is called a franchisee.
What is the buyer of a franchise called?
He is called a franchisee.
What is the purchaser of a franchise called?
The purchaser of a Franchise is called a Franchisee, and the person who grants the Franchise is called the Franchisor.
When McDonalds sells franchise what right does it sell to the franchisee?
the amswer for this question is the name of the franchise
If you are a franchisee in one concept can you buy another franchise?
When you become a franchisee, one important obligation that you (as the franchisee) undertake and agree to is a restrictive covenant that, depending on the terms of your franchise agreement, will restrict you from purchasing and/or operating other types of businesses. It is possible for a franchisee of "one concept" to purchase another franchise concept however the only way to determine whether or not this is possible is to examine and evaluate the terms of your franchise agreement. If you are purchasing a franchise and have not yet signed a franchise agreement you should discuss with your franchise lawyer your future business plans and the types of restrictions and "restrictive covenants" contained in your franchise agreement.
When would a franchise attorney be necessary?
A franchise attorney is needed for a franchise when they are making negotiations. Mostly, the negotiations are for a liscence for the franchisee, which the attorney assists the franchise. So this is the answer.
Who owns a franchise?
A Franchise is a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area, and consists of a Franchisor, and a Franchisee, whereas the Franchiser is the company which or person who grants franchises, and the Franchisee is someone who holds a Franchise.
In a franchise operation who is the one who pays royalties to the parent company?
The franchisee
In what way is a franchisee's control over the business greatly reduced?
The answer is between the following answers: Most franchisers are located near the franchisee. The franchisees are technically employees of the franchiser. The franchisee is bound by the terms the franchise contract. The franchisee is completely dependent on the franchiser for funding.
What is a business franchise?
A franchise is a small business, which operates under the name of a larger corporation ie. many McDonalds restaurants are owned by a local company (known as the franchisee), which often will own several restaurants in an area. The franchisee operates the restaurant with the benefit of advertising and name recognition from the franchisor (for example the main McDonalds Corporation). The franchisor will receive payment from the franchisee in accordance with the franchise agreement.Your question in general, equates to a single Franchise, whereas Franchise programs are all different. It depends on what kind of Franchise are you interested in? A Business Franchise, a Restaurant Franchise, or a Work from Home Franchise? Then you will have a totally different question, such as "How much does it cost to own a McDonald's Franchise?"
What are 3 conditions to a franchise agreement?
The franchise agreement is the primary legal document that governs the franchisee and franchisor relationship. This report can vary from industry to industry, and because it is not regulated or there is no standard format for it, each franchise can have their unique franchise agreement.Some of the things to look for in the franchise agreement include:Duration of the contract - this often last for about 10 years.Trademarks, patent, and signage use - this allows the franchisee to use all brand-related materialsRenewal rights and termination policies - this states that a franchisee can, in fact, be terminated, as well as outlines all the information relating renewal policies
