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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 ...
What is the difference between master franchise and development agreements? Answer Wiki. #master #franchise vs #development #Agreements : In simple words, A master franchisee is bound by a development agreement that defines a time bound franchise expansion network that they would execute. It defines the mutual agreement between the franchiser and franchisee to achieve a pre-defined goal. Related Questions.