A franchise agreement involves selling a single franchise of a particular location to an individual.
Option A. Individual
Single Unit Franchise Agreements exist when a franchisee is granted the right to open and operate a single franchise unit at one location. This is one of the most common contracts between franchisors and franchisees. It is also mutually beneficial.
Franchise agreements typically include performance criteria, payment of fees (licensing fees, marketing fees, training fees, transfer fees, termination fees, utility bills, etc.), marketing, reporting, training, product delivery, service, and territory.
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