Legal Steps to Terminate a Franchise Agreement
A franchise business is a quick way to get into the market and beneficial for both the parties in the Franchising agreement i.e. Franchisor and the Franchisee. The franchisee gets instant recognition, resources and established market and on the other hand, the franchisor gets royalties, vast reach and better business prospects by reaching different target countries. However, sometimes the situations are not as it was expected before or there has been some change in the minds of either of the parties in regards to the Franchising pact.
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