Franchise agreement

Franchise agreement,

Definition of Franchise agreement:

  1. A legal contract in which a well established business consents to provide its brand, operational model and required support to another party for them to set up and run a similar business in exchange for a fee and some share of the income generated. The franchise agreement lays out the details of what duties each party needs to perform and what compensation they can expect.

Meaning of Franchise agreement & Franchise agreement Definition

Franchise Agreement,

What is The Meaning of Franchise Agreement?

  1. The definition of Franchise Agreement is: For small business owners, a franchise agreement with a large company can be a way to enter the market. The agreement between you and the largest company gives you the right to operate as a satellite for the largest company in the region for a specified period. That way, as a business, you can benefit from a well-known brand in the market and a proven process or action.

Literal Meanings of Franchise Agreement

Franchise:

Meanings of Franchise:
  1. Permission granted to individuals or groups by the government or companies to carry out certain business activities, such as: b. To provide streaming services or to represent the company's products.

  2. The right to vote.

  3. Give franchises (to individuals or groups)

Sentences of Franchise
  1. Toyota franchised the group

  2. The franchise is limited to Estonians only

  3. Franchise dealer

Synonyms of Franchise

permit, give permission to, give authorization to, grant permission to, give a permit to, give the right to, the vote, allow, grant leave to, grant authority to, permission, grant authorization to, grant the right to, grant a licence to, sanction, licence, give leave to, warrant, franchise, right to vote, give a licence to, give authority to, voting rights, grant a permit to, authorization, enfranchisement

Agreement:

Meanings of Agreement:
  1. Consensus or agreement as an opinion or feeling of a position or the result of an agreement.

Sentences of Agreement
  1. The government has not reached an agreement

Synonyms of Agreement

like-mindedness, accordance, concord, rapport, unity, unison, harmony, consensus, sympathy, accord, concurrence