Area franchise agreement
Area franchise agreement is an agreement that allows a franchisee to own and operate a specific number of outlets in a particular geographic area.
For example a franchisee may purchase the rights to open five CD Warehouse franchises within the city limits of Sioux Galls, South Dakota. This is a very popular franchise arrangement, because in most cases it gives the franchisee exclusive rights for a given area.
Category: Entrepreneurship & Small Business
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