To get the ownership of a franchise as the franchisee, you need to sign a franchise agreement. A franchise agreement covers both sides. When buying a franchise, the franchisee makes a substantial financial investment. A Franchise signed agreement covers key points like disclosure, trademark & intellectual property, support & training, advertising, long-term duration, territory, fees & expenses, site selection, termination, non-competes, etc., giving franchisee rights to help safeguard its investment in the business.