In simple terms, an operating agreement governs the internal relationship between an LLC and its owners, while a franchise agreement governs the relationship between a franchisor and the business operating under its brand. An operating agreement answers questions about who owns the LLC, who manages it, how decisions are made, how money is distributed, and […]
Tag: Business Agreements
What Makes a Business Contract Enforceable in Florida?
A business contract can be 20 pages long, professionally formatted, signed by everyone involved, and still create a serious problem when the parties disagree. Sometimes the problem is obvious. Someone never signed the agreement. A required term was left blank. The person who signed it did not have authority to bind the company. Other times, […]