KFC Corp.

A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.    

KFC Corporation was founded in 1930 and started franchising in 1952. His recipe is still a secret, but more than 2 billion of Colonel Harland Sanders’ finger lickin good chicken dinners are served annually in more than 82 countries around the world. Nearly 50 years ago, Colonel Sanders set out to sell complete meals to time-strapped families, calling his home meal replacements.

KFC Corporation, based in Louisville, Kentucky, is the world's most popular chicken restaurant chain, specializing in original recipe, extra crispy, twister and Colonel's crispy strips chicken with home style sides. KFC has more than 11,000 restaurants in more than 80 countries and territories around the world. And in quite a few United States cities, KFC is teaming up with sister restaurants, A&W, All-American Food, Long John Silver's, Taco Bell and Pizza Hut, selling products from the popular chains in one convenient location.

The company provides fast food chicken restaurant. The costs and fees include total investment of $110000 to $170000, Express kiosk option available, franchise fee is $25000, ongoing royalty fee is 4 percent and Term of agreement is 20 years, renewable, renewal fee is $490000. the company’s ranking in Franchise 500 is 23 in 2006, 11 in 2005, 29 in 2003, 12 in 2002, ranked 1 in category in 2006, 2005, 2003, 2002, in Fastest Growing Franchises ranked 75 in 2005, 10 in 2003, 8 in 2002, in America's Top Global Franchises ranked 7 in 2006, 5 in 2005. Their promise to their customers has helped KFC to grow rapidly into a chain of fast food chicken restaurants.