The phrase "a franchise contract" is correct and usable in written English.
You can use it when referring to a legal agreement between a franchisor and a franchisee that outlines the terms of the franchise relationship.
Example: "Before opening the new location, the franchisee must sign a franchise contract that details the obligations of both parties."
Alternatives: "franchise agreement" or "franchise deal".
The shock move means that the Department for Transport will no longer be awarding a franchise contract when Virgin's current one expires on 9 December, and will not contest the judicial review that Sir Richard Branson's firm sought in the high court.
But with some self-interest, lawyer Josh Brown says you should have a lawyer and other professionals review your financial health and how it will be affected by the franchise arrangement before you sign a franchise contract.
Look at a franchise contract to know what your rights and responsibilities are.
A revenue sharing contract is designed for vendor with ownership, and a franchising contract is designed for retailer with ownership.
They design a revenue sharing contract for vendor with ownership scenario, and a franchising contract for retailer with ownership scenario.
"But their relationship with us is a loose franchise contract.
Months of negotiations with the head of the company's franchisee association produced a radically revised contract, one that expanded the longstanding licensing agreement into a more marketable 15-year franchise contract.
However, it would be different if the franchisor negotiated such terms of acquisition within the contract negotiation process, as the franchisor could include a real options clause in the franchise contract (Gorovaia & Windsperger, 2013).
As part of a rail strategy published by Grayling, the franchise contract of Virgin Trains East Coast will be terminated three years early, potentially forfeiting up to £2bn in premiums due to the Treasury.
Switching from running a railway through a state body to a system of franchise contracts and regulations necessitates the civil service quickly acquiring specialised commercial nous.What the majority of the public servants do, how they do it, how many are needed and the skills they must have are predetermined by a choice of instruments made at a time and place often remote from them.
That is technically true, but the standard franchise contract throughout the fast-food industry binds the franchisee tightly to a low-pay, cost-cutting business model that leads to abuses.
