Simple Form Franchise Vs. Business Format Franchise

A simple form franchise is a legally binding document that states the rights and responsibilities of a franchisor and franchisee. It is a simple form agreement entered by 2 interested parties. It simply states that a franchisee has the mandate to market a product or service using the same model as the franchisor. It also underlines the need to make certain fees to the franchisor for subletting his business model.