When you are considering franchising or started the franchising of your business you may have come across the term “standard franchise agreement”, so what is a standard franchise agreement?
When you franchise their own commonly two types of franchise agreement, a standard franchise agreement and a master franchise agreement, so what is the different between the two franchise agreements?
A master franchise agreement not always but usually anyway refers to international franchising. A master franchise agreement licence is usually when a Franchisor recruits a franchisee to run the business as if a Franchisor in their own country, becoming what is called a master franchisee.
A standard franchise agreement usually refers to national expansion of your franchise business by recruiting franchisees via them entering into your standard franchise agreement.
To learn more about standard franchise agreements & master franchise agreements and what agreements you would need to franchise your business please complete the form below for a free consultation with a franchise consultant