What is the term for a contract in which a franchiser grants a franchisee the right to use a business name and proven methods?

A franchise agreement is a legal contract that allows a franchisee to operate a business under the franchisor's established brand and utilize their proven business model. This agreement outlines the rights and responsibilities of both parties, including the terms of operation, training and support the franchisor will provide, and any fees that must be paid by the franchisee, such as initial franchise fees and ongoing royalties.

In contrast, a partnership agreement typically involves two or more individuals sharing ownership of a business, focusing more on the sharing of profits and responsibilities rather than the branding and methodology of a franchised operation. A service contract refers to an agreement between a service provider and a client for specific services rendered, without necessarily involving the business model or branding elements of a franchise. A licensing agreement usually pertains to the right to use intellectual property or products, but it does not include the extensive support and operational guidelines that are characteristic of a franchise. Thus, a franchise agreement specifically encompasses all elements involved in franchising, making it the accurate term for this scenario.