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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 ...
Charter Agreement. The charter agreement is a legal contract made between two parties, one of whom is known as the âCharter Companyâ, which is a travel agency or a shipping company, while the other is known as the âClientâ. This charter agreement facilitates with the clientâs request to charter a ship, cruiser, or sea vessel for particular purpose.