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Business Growth : About

Topic 1 Establishment of a business Topic 2 Entering markets

Business Year 11 FA3

About Nodo Donuts

Business Information

A franchise agreement is a legal contract that both the franchisor and franchisee must follow.

Franchisors must not give franchisees information that is misleading or deceptive and must follow the Franchising Code of Conduct.
franchisor largely controls how the franchisee’s business is run and controls the name, brand, and business system the franchisee is going to use.

franchisee bears the financial risk for their franchised business and pays money to the franchisor. In exchange for this money, the franchisor allows the franchisee to use the franchisor’s brand or system to sell products or services for a limited time. The franchisee must run the business according to the franchisor’s requirements.

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