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great so now were going to talk about the most comprehensive of the arrangements the master franchise agreement so looking back at our individual our excuse me our area franchise agreements now lets just go ahead and erase this right here and the master franchise agreement the franchisor tells the franchisee you may open as many locations within a designated geographic area which could be any way you designate it you can open as many of your own locations as you wish so one two and three for example so congratulations mr. franchisee youve got that under control however in addition you may also sell the right of that franchise to other players so youve got Ronald who owns McDonalds who makes a master franchise agreement to Dave the franchisee the master franchise agreement hold it for the entire state of California for example Dave owns three McDonalds locations within the state of California that are his however he is also selling up to Stephen Peter Thomas and Wendy theyll get
