In Yogyakarta, one of the businesses that uses the concept of franchising and receives awards from MURI is the Simply Homy guest house. Simply Homy has three types of franchise forms; most partners are Full-Management franchise agreements. In the observation results, in the unit management agreement in this Full-Management, the ju’a>lah contract agreement is used, but in its implementation, it uses revenue sharing. In Fiqh Mu’a>malah, the ju’a>lah contract is not a profit-sharing system but provides certain rewards for achieving the results of a job. Meanwhile, the distribution of profits based on the ratio in the franchise business concept is called a musya>rakah contract. This research aims to find the Full-Management cooperation agreement in the Simply Homy guest house Yogyakarta franchise business and review the fiqh mu’a>malah on the cooperation agreement. The research method is field qualitative, which collects data through interviews, observations, and documentation and then analyzes it through inductive methods. The results of this study show are; first that the Full Management agreement has two cooperation agreements, namely brand cooperation and unit management cooperation. Brand cooperation has brand license rental and management standards with a monthly fee. Meanwhile, in the cooperation of unit management, each party contributes, namely from Simply Homy, the workforce in the management and the partner is the house that becomes a business, which shares 50:50 profits with the naming of the ju’a>lah contract agreement. Then, the second is reviewed based on fiqh mu’a>malah; brand cooperation is included in the ija>rah contract scheme and has been following the pillars and conditions of ija>rah. The cooperation of unit management still exists, which is inappropriate in using the name of the ju’a>lah contract, but the implementation uses profit sharing. However, the implementation of cooperation in the management of this unit includes syirkah{ ‘inan, which has been following contribution, harmony, conditions, and how to bear the loss. Based on fiqh mu’a>malah, full management cooperation has two contracts, so hybrid contracts occur, but this multi-contract is allowed in Islam. The suggestion from the researcher to the Simply Homy guest house is to continue to innovate in combining the cooperation system with contracts that follow Sharia.