Franchise Lawyer Toronto I Mississauga

Basics: What is a Franchise? A Franchise is a business whereby the owner licenses its operations. The license grants a Franchisee access to a Franchisor's proprietary business knowledge, processes and trademarks, thus allowing the Franchisee to sell a product or service under the Franchisor's business name. In exchange, the Franchisee generally pays the Franchisor an initial start-up fee and recurring licensing fees. Franchisors may also seek royalties based on gross sales of the franchise. The franchisee is required to conform to the standards of the system. Depending on the type of business, a Franchisor could set specific prerequisites in terms of...

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