One of the business strategies to expand in the market is through selling the idea that has been profitable to you to others. Letting out your franchisee is selling business models and products and services through a specific layout.
The legal way of doing so is through a Franchise agreement which covers all the aspects of letting out your franchise model to your business partner within a stipulated framework to run and operate your unit.
Generally, a unit franchise is let out singularly, however, there is scope for opening multi-unit franchise units and master franchisees which are executed through separate agreements. There are three types of agreement that are usually entered into for letting out franchisees:
1. Unit Franchise agreement
2. Multi-Unit Franchise agreement
3. Master Franchise agreement
Please refer terms and conditions page on the website.