Franchisee and Franchisor

Franchising is a popular way of expanding a business, and the model has a very long history of success. Because franchise arrangements are so flexible, they can be implemented in a variety of industries. The professional relationship between the franchisor and his or her franchisees is unique, and the nature of the relationship can be a significant factor in a franchise venture's success or failure, as well as a factor in the overall satisfaction or frustration experienced by the individual parties. Unlike many other kinds of business relationships, the relationship between franchisee and franchisor is also particularly likely to change over time as the franchise matures and the franchisee becomes more confident in the operation of the business. Both parties have rights and obligations under ...