When stepping into the world of franchising, one of the most critical documents you’ll encounter is the franchise agreement. This legally binding contract outlines the relationship between the franchisor and the franchisee, ensuring that both parties are clear on their rights and responsibilities. Understanding its key components is essential before signing on the dotted line. Here’s what you need to know about franchise agreements.

Starting a business is an exciting venture, but one of the first decisions you'll need to make is whether to open a franchise or an independent business. Each option has its unique advantages and challenges, and the best choice depends on your goals, resources, and personal preferences. Let’s explore the differences to help you make an informed decision.