If you have decided to start a restaurant franchise, it is imperative to know about the terms and conditions and weigh all pros and cons for both franchisors and franchisees. This article also shows you the benefits and disadvantages so that you know if venturing into a franchise is the right decision for you or not. Before that, learn what a franchise is. Franchising or franchise is a process of distributing services or products belonging to a franchisor who sets the brand’s trade name, a franchisee, and a business system. The franchisee agrees to pay a sum to the franchisor as royalty and sometimes an initial fee for the permission to conduct business under the system and name of the franchisor. Terms and Conditions Intellectual Property and Trademark The franchisee gets the right to use operating manual and software systems. He can use the franchisor’s name, service marks, trademarks, slogans, logos, and other branding signs. For example, franchises of KFC all over the ...