FRANCHISING AGREEMENT
Historical Background, Legal Concept of Franchising, Advantages and Disadvantages
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Franchising, in its current form, evolved in the United States throughout the 1950s and 1960s. During that period, franchising witnessed an explosive growth in terms of the numbers of companies that adopted franchising as a business model. In respect of the revolution in business contracts, the franchising investor should basically take into account the legal perspective of the franchising contract. Therefore a definite legal relationship between parties can only be attained when they both understand all their respective rights and obligations and terms under which the contract is to be termin...
Franchising, in its current form, evolved in the United States throughout the 1950s and 1960s. During that period, franchising witnessed an explosive growth in terms of the numbers of companies that adopted franchising as a business model. In respect of the revolution in business contracts, the franchising investor should basically take into account the legal perspective of the franchising contract. Therefore a definite legal relationship between parties can only be attained when they both understand all their respective rights and obligations and terms under which the contract is to be terminated. In addition, complete awareness of the advantages and disadvantages of the franchise business will lead to a safe operation of the franchise business. The present book is an effort to address, for a legal perspective, the major issues pertinent the franchise business and present sufficiently clear answers for the major questions to who seek to get involved in franchise business.
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