What is a franchise?

» Posted by on Mar 23, 2016 in FAQ | Comments Off on What is a franchise?

Answer: A franchise is, in its easiest terms, a contract between the franchisee and the franchisor, wherein the franchisee has the rights to use the logo designs and hallmarks of the franchisor and the capability to region the franchisors products. Both parties dedicate to a legal agreement which safeguards both their interests. The franchisee usually pays a preliminary franchise cost and continuous royalty payments.