When you are considering franchising or started the franchising of your business you may have come across the term “standard franchise agreement”, so what is a standard franchise agreement?
When you franchise their own commonly two types of franchise agreement, a standard franchise agreement and a master franchise agreement, so what is the different between the two franchise agreements?
A master franchise agreement not always but usually anyway refers to international franchising. A master franchise agreement licence is usually when a Franchisor recruits a franchisee to run the business as if a Franchisor in their own country, becoming what is called a master franchisee.
A standard franchise agreement usually refers to national expansion of your franchise business by recruiting franchisees via them entering into your standard franchise agreement.
To learn more about standard franchise agreements & master franchise agreements and what agreements you would need to franchise your business please complete the form below for a free consultation with a franchise consultant
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About The Author
Joel Bissitt
Joel has been an entrepreneur since the age of 19, now 33 years on he has experience of many different industries including retail, catering, health & fitness, technology and sport. Joel is our MD, the CEO of the Quality Franchise Association & has been a Franchisor twice himself. He is also founder of Franchise UK, the UKโs largest online franchise directory established in 2004 and owns other franchising publications including Franchiseek, an international franchise directory. Through these roles Joel has helped hundreds of franchise brands grow over the last 20+ years.