Franchise Agreement Law

franchise agreement
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-french derivation - from franc- meaning free, and is used both as a noun and as a (transitive) verb.
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.
A legal document that binds the Franchisor and the Franchisee together and is signed by both the Franchisor and the Franchisee.  The franchise agreement explains what the Franchisor expects from the Franchisee in running their business.

law
legal document setting forth rules governing a particular kind of activity; "there is a law against kidnapping"
a rule or body of rules of conduct inherent in human nature and essential to or binding upon human society
the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
The system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties
An individual rule as part of such a system
Such systems as a subject of study or as the basis of the legal profession