Franchise agreement –

  • This agreement is used to ensure the repayment of money borrowed, usually in monthly instalments.
  • This agreement is used where one party grants to another the right to run a business in the name of the first party. Examples include Body Shop and McDonalds.
  • This agreement sets out the terms and conditions on which a business supplies goods.
  • This contract comes into existence as soon as a job offer is accepted whether that offer is oral or in writing.
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