As your business grows, you may see an opportunity to franchise. Franchising allows the franchisee to trade as its own business under the brand of the franchisor, following a proven business model. While this can be a cost effective and efficient tool for expansion, it can be a challenging process to go through, presenting the opportunity for disputes to arise.
The franchise relationship is usually governed by a franchise agreement which sets out the main terms agreed between the parties. A franchise business usually requires additional assistance such as the need for further contracts to protect the supply chain of each franchise, as well as possible property and employment needs.
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