The person who purchase the right to run an extension of the original business 

What a Franchisee does?

This type of franchise is when the franchisor gives the rights to trademarks, trade names, business process and the system in order for the franchisee to sell the product, for a fee.

this type of franchise, the franchisee can be much more independent in terms of not having the restriction and guidelines that a business format franchisee has.

This agreement is usually a voluminous document.

It is a type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name.

the ______ usually pays the initial start-up and annual licensing fees.

the one who is selling his business to the________.

This is a business strategy for getting and keeping customers.

Which the franchise agreement, both the franchisor and the franchisee manifest their consent to abide by those standards, thereby minimizing the risk of litigation in the future.

the primary duties of franchisees and prospective franchisees is the _______ a written statement that gives advice to the franchisor before entering into the agreement

An obligation to An obligation to ______ is imposed on all parties in a franchisee relationship and this obligation cannot be excluded by the franchise contract. is imposed on all parties in a franchisee relationship and this obligation cannot be excluded by the franchise contract.

The main purpose of implementing ___________ requirements is to ensure all the franchises are performing within certain parameters defined by the head company, such as the quality of services and sales performance

It refers to monies collected and used by Franchisor and its Affiliates for Marketing Fund Activities.

The franchisee is under a duty to maintain minimum ______, though it is a good idea to keep stock more than a marginal amount above the minimum levels.

The well organized franchisees constantly seek legal advice to gain economic clout.