ASSIGNMENT OF FRANCHISE AGREEMENT

Assignment Of Franchise Agreement

franchise agreement


is a legally binding agreement which outlines the franchisor’s terms and conditions for the franchisee. The franchise agreement also clearly outlines the obligations of the franchisor and the obligations of the franchisee.


Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-french derivation - from franc- meaning free, and is used both as a noun and as a (transitive) verb.


Contract by which a domestic company (franchisor) licenses its trade name and/or business system and practices for a fee to an independent company (franchisee) in a foreign market.

assignment


the instrument by which a claim or right or interest or property is transferred from one person to another


The allocation of a job or task to someone


The task or post to which one has been appointed


the act of distributing something to designated places or persons; "the first task is the assignment of an address to each datum"


A task or piece of work assigned to someone as part of a job or course of study


a duty that you are assigned to perform (especially in the armed forces); "hazardous duty"