The Basics of Franchising

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As a franchisee, you are agreeing to follow someone else’s operating system, including specific requirements for marketing, suppliers, and the products or services you offer.
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Franchising is the dominant creator of small independently-owned businesses in the United States, and has been for decades, with 800,000 franchises in more than 120 industries employing over 9 million.
What is a Franchise Agreement
Every franchise is governed by the terms of a contract between the licensor - the franchisor - and a licensee - the franchisee. This contract is called the Franchise Agreement.
Franchise Relationship Structures
The various types of franchise relationship structures and how they function, from single-unit and multi-unit franchising, to master franchising and area representatives, as well as other franchise options.