FRANCHISE AGREEMENT

Create a franchisee agreement which is compliant and balanced for both parties. Get your franchisee agreement perfectly drafted as per business requirements.

GET YOUR FRANCHISE AGREEMENT DRAFTED NOW

What is meant by franchise?

A franchise means where one party who is the owner of brand gives permission to another party to use something of value and pay royalty to the franchisor.
Parties to agreement are franchisor and franchisee:-

The franchisor licenses the right to use the its brand, intellectual property and systems to the franchisee.
The franchisee acquires the rights provided by franchisor to open a business using the franchisor’s brand, intellectual property and systems with the duty of meeting certain conditions.

What is meant by franchise agreement?

A franchise agreement refers to a legally-binding contract between the parties to a franchise relationship. This franchise agreement outlines the rights and obligations of the franchisor and franchisee. This agreement protects both parties. When buying a franchise a large financial investment is required. A signed franchise agreement helps in safeguarding franchisee investment in the business.

DOCUMENT REQUIRED FOR DRAFTING

Details of Parties & witnesses

Identity proof and Address proof of parties involved & witnesses.

Contact details of authorized person

Email ID & Mobile Number.

Related Information

Any required information to be used for creating the draft.

Supporting documents

Any referential or supporting documents for the draft.

HOW WE WORK

1. Fill the form and make payment of nominal fee.

2. Our experts will call you and collect documents.

3. Make rest fee payment.

4. Drafting of documents as per requirement and sending documents for approval.Single time change is allowed(if any).

5. Final documents will be shared by our experts.

Congratulation your draft is ready!!

BENEFITS OF WELL DRAFTED FRANCHISE AGREEMENT

Serve as a Legal proof

Written document act a documentary evidence and serve as a legal proof in the court of law.

Show Professionalism

Proper and correct drafting of documents give a sense of professionalism and create a serious impact over the involved parties.

Reduce chances of dispute

A well drafted documentation lead to clarity of the facts and laws. It reduces the chances of dispute which may occur due to oral discussions or roughly drafted documents.

Prevent Confusions

Good documentation practices help to prevent time-consuming missteps and confusion for all the parties involved.

What are the key elements of the franchise agreement?

Declaration agreeing to provide brand, intellectual property and systems.
Training clause for supporting and training of the franchisee prior to opening and during entire term of the agreement.
Advertising clause for the franchisee to spend a certain percentage for local advertising of the brand.
Duration of franchisee agreement and its expiration.
Clause for renewal of the franchisee agreement.
Cases where the rights get automatically revoked and the agreement sets terminated.
Consequences in case of non-adherence of the terms and conditions and code of conduct by the franchisee.
Minimum investment amount requirement.
Area coverage of the franchisee.
Royalty fee required to be paid to the franchisor.
Site Selection clause with all the description of the site.
Termination of Agreement and obligation in regard to the termination.
Clause for non-competence and restrictive covenants limiting franchisee.
Arbitration clause in case any dispute arises.
Clause for Physical Premises and Renovations(if any).