Franchise agreement


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Franchise agreement

Contract by which a domestic company (franchisor) licenses its trade name and/or business system and practices for a fee to an independent company (franchisee) in a foreign market.

Franchise

An agreement in which an entrepreneur buys a license to use another business' products, brand, proprietary knowledge, and trade secrets. This allows the entrepreneur to start a business without building up his/her own brand or products. This is a common way to start a business, especially in highly competitive industries. An industry that utilizes franchises on a regular basis is fast food; because of stiff competition, it is generally more profitable for one who wishes to start a fast food restaurant to buy a franchise.
References in periodicals archive ?
Franchise agreements with usable payment data can be very difficult to obtain.
As Justice Anthony Kennedy said in his concurring opinion in Denver, "In providing public access channels under their franchise agreements, cable operators therefore are not exercising their own First Amendment rights.
Franchise agreements, with their control provisions and overarching recognition of local community needs and priorities, are the appropriate vehicles to accomplish this purpose.
The webinar is led by an expert on drafting and negotiating franchise agreements, Warren Lewis, Shareholder of Akerman Senterfit, and focuses on:
The franchisor must consider the grounds for default under the franchise agreement, as well as applicable state law in determining whether to default the franchisee.
That is why they support expansion of franchise agreements, and it is in their published strategies to go after additional agreements like these.
However, the portion of the canyon that BFI is offering to the city in return for the franchise agreement could prevent a nearby golf course from expanding and aid Santa Clarita's effort to thwart the proposed Las Lomas development, which would build 5,800 homes next to Elsmere Canyon and officials said.
For many municipalities, franchise agreements, whether exclusive or non-exclusive, provide some control over the waste and recycling stream.
01 Franchise Agreement, Related Exhibits and Commentary
Yerington Mayor George Dini says he wants the public input in a proposal for a 25-year franchise agreement with Southwest Gas.
A breach of Clause 11 of the code can automatically invalidate the franchise agreement.