Difference between franchise agreement and management contract
THE DEFINITION OF MANAGEMENT CONTRACT. Let’s first look at the definition of management contract and the elements needed to create, enter, and enforce it. The Business Dictionary defines a management contract as an “agreement between investors or owners of a project, and a management company hired for coordinating and overseeing a contract”. Difference between management contract and franchising. In business management, franchising is a contractual relationship between franchiser (owner of the company) and franchisee (buyer of a brand name). The franchiser allows the franchisee to use its trademark along with certain business systems and processes in exchange for a fee.