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The franchisor must disclose any information requested by the franchisee; Cross-border franchising, with some caveats, is possible (2007 law). The franchisor must meet a list of requirements for registration, among which are: The standard franchise agreement, working manual and working capital requirements,
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. [1]
A master franchise is a franchise relationship in which the owner of the franchise brand (the master franchisor) grants to another party the right to recruit new franchisees in a specific area. In exchange, the other party typically pays some price as well as agreeing to take on some or all of the responsibility to train and support new ...
Franchise agreements typically involve retail outlets that bear the franchisor's trademark and follow the franchisor's business operations model, such as fast-food restaurants, hotels, and automotive repair shops. These are commonly known as "business-format" franchises.
Franchising, a business method that involves licensing of trademarks and methods of doing business to franchisees; Franchise, a privilege to operate a type of business such as a cable television provider, public utility, or taxicab company, sometimes requiring the filing of tariff schedules, as in:
TGI Fridays Franchisor has provided interim funding to TGI Fridays Incorporated to "to maintain support services for franchisees" while a "new long-term support structure" is devised.
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