Franchise is a special form of co-operation. While it may have various content, the essence of franchise is a co-operation, whereby the franchisor gives right to use a name with value, usually a trademark, and the related valuable expertise, know-how and the franchisee is obliged to pay a fee and to use them according to the provisions of the franchisor and to operate the establishment, and course of business accordingly.
Franchise is based on a co-operation agreement, which is specific and would be different from case to case. The agreement is prepared with regards to the needs of the parties, the specifics of the certain business type. Our office has extensive experience in preparing such agreements and creating the legal background for this type of co-operation.