People behind a Franchise agreement
First is the Franchisor, is a person or company that grants a franchise. Then there is the Franchisee, an individual or a company that has the right to sell or rent another firm’s products and to use its name. Franchisee should always attempt to maintain a positive relationship with a franchisor, because the livelihood of their business depends on it. The Franchise Attorney is the one who may assist you in your comprehension of the first document that you receive from the franchisor, the Uniform Franchise Offering Circular (UFOC) or soon to be called Franchise Disclosure Document (FDD). This very lengthy and detailed document will highlight a variety of information about the franchise including any lawsuits or bankruptcies it has experienced.
