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A franchise is the agreement or license between two legally independent parties which gives: â¢ a person or group of people (franchisee) the right to market a product or service using the trademark or trade name of another business (franchisor) â¢ the franchisee the right to market a product or service using the operating methods of the franchisor â¢ the franchisee the obligation to pay the franchisor fees for these rights â¢ the franchisor the obligation to provide rights and support to ...
The Territory size depends on market factors in the area. Term of Agreement and Renewal: The term of The UPS Store franchise agreement is 10 years with an option to renew for additional terms of 10 years so long as the franchisee is in good standing.