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LSDefine

Simple English definitions for legal terms

franchise agreement

Read a random definition: Berne Additional Protocol

A quick definition of franchise agreement:

A franchise agreement is a contract between two parties: the franchisor and the franchisee. The franchisor gives the franchisee the right to use their brand name and sell their products or services. In exchange, the franchisee pays the franchisor a fee. This fee can be a one-time payment or a recurring payment. The franchise agreement also outlines the responsibilities of both parties. The franchisor wants to protect their brand and make sure the franchisee operates the business in a certain way. The franchisee wants to use the franchisor's brand to make money. Famous franchises include McDonald's, KFC, and Burger King.

A more thorough explanation:

A franchise agreement is a legal contract between a franchisor and a franchisee. The franchisor is the owner of a business or trademark, and the franchisee is someone who wants to operate a business using that trademark. The agreement gives the franchisee the right to use the franchisor's trademark and business model in exchange for payment.

  • McDonald's is a famous franchise. If someone wants to open a McDonald's restaurant, they would need to sign a franchise agreement with McDonald's. This agreement would give them the right to use the McDonald's name, logo, and business model.
  • Another example is 7-Eleven. If someone wants to open a 7-Eleven convenience store, they would need to sign a franchise agreement with 7-Eleven. This agreement would give them the right to use the 7-Eleven name, logo, and business model.

These examples illustrate how a franchise agreement works. The franchisor owns a successful business or trademark, and the franchisee wants to use that success to start their own business. The franchise agreement allows the franchisee to use the franchisor's name, logo, and business model in exchange for payment.

franchise | franchise tax

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babycat
11:10
yeah fuck gtown btw
LSDFan
11:10
they don't even kick doors. They put C4 in a dip can and tape it to the wall
11:10
I am sure they kick some doors but yes
11:11
@EvolBunny: im a uki
babycat
11:11
terrible admin
BulbasaurNoLikeCardio
11:11
@babycat: I wonder why gtown felt what they said was a good idea and how secure that individual felt in their job to believe there would be no backlash.
Dkk
11:11
please, tell me more about Europa: The Last Battle @MostlyLegal
11:11
nothing you dont already know
Dkk
11:12
Lmfao, damn out of messages again. Time to go sit in the hot tub.
11:12
@BulbasaurNoLikeCardio: honestly fuck these schools
11:12
The way they act is so cringe and gives mad ick
babycat
11:12
@BulbasaurNoLikeCardio: people are saying this has been a pattern with them
babycat
11:12
imagine being a religious school and not supporting mothers. practice what you preach!
11:12
Fuck dem hoes
11:13
Child bearing people*
11:13
i cant spell fuck dont correct me
11:15
Anywayyyyy, i think today i will withdraw all my apps
11:15
This lsat is not doing it
babycat
11:15
lol live ur truth
11:15
ASU at 154 is damn good
11:15
154 scholly
BulbasaurNoLikeCardio
11:15
It is shitty that was a pattern of behavior but I am glad someone is finally standing up for themselves. Like I can be a pretty rigid butthole guy when it comes to getting stuff but a complete lack of empathy or situational awareness shown by the school and their staff is mind blowing. When I was talking about it in the office they all thought I was lying cause it sounds so crazy.
Dkk
11:16
@babycat: ahh link me something. Idk what you are talking about with GTown and mothers and all that.
11:16
Idk if any of you watch UFC but one time interim heavyweight champ Tom Aspinall won a fight and said on the mic afterwards “if you feel scared to do something, that’s a pretty good sign you should just go fucking do it” and I believe that applies very much to people wondering if they should R&R. Sure you can but why not just see what happens now?
babycat
11:16
School fucked up so bad they got hellwoods to sign a petition
11:16
Ive also heard their career center is awful too, I think its why it will never be anything but 14-15
JumpySubsequentDolphin
11:17
@Dkk: i think a law student was pregnant and due to give birth a few days before finals and they refused to accomodate her
JumpySubsequentDolphin
11:17
accommodate*
11:17
@Mostlylegal: yeah and i was thinking fuck it just go party for three years but i got other options and need to start building, top law schools were worth that 3 year pause but i am not sure i can do that for asu and their outcomes
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