According to which “the parties concluding the agreement may arrange the legal relationship at their discretion, provided that its content or purpose does not contradict the nature of the relationship, the act or the principles of social coexistence”.
In Europe (European law):
European Commission Regulation
EC No 330/2010 of 20 April 2010 on the application of Article 101(3) of the Treaty on the Functioning of the European Union to categories of vertical agreements and concerted practices.
A franchise is a business in which the owner licenses its business – along with its products, brand and knowledge – in exchange for a franchise fee.
A franchisor is a company that grants licenses to franchisees
The franchise principle requires franchisors to disclose key operational information to potential franchisees.
Ongoing fees paid to franchisors vary by industry and can range from 3% to 15%. These are averages, but there are wide variations.
Types of Franchise
Product distribution franchise – the franchisee sells products supplied by the franchisor or its designated suppliers;
Business Concept Franchising – the franchisee operates within the framework of a business model developed by the franchisor;
Direct franchising – under one franchise agreement, the franchisee conducts one business activity in one location;
Multiple franchise – under one franchise agreement, the franchisee conducts multiple activities within a given territory, sometimes having turkey email list the right to grant further sub-licenses ( Master franchise ).
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Pros and cons of franchising (advantages and disadvantages)
Investing in a franchise has many to use the request for advantages, but it also has its disadvantages. The commonly known advantages include a ready-made business formula to follow.
Franchising involves market-tested products and services, and in many cases, established brand recognition.
If you’re a McDonald’s franchisee, decisions afb directory about the products you sell, the layout of your store, and even what your employees wear have already been made and you have no control over them.