Basic franchise agreement sample, A franchise agreement is a legal document that clearly states the rights and responsibilities of the franchisor and franchisee. Before you get into an arrangement with a franchisor, it is good to understand the terms and conditions of the agreement. As a franchisee, it’s good to understand what a franchisor is offering you. It is also good to read clearly the agreement to learn your rights and obligations. It is good to know that it is this agreement that will see you run the business smoothly. What is contained in the agreement is the principle that will act as guidelines to govern your day to day running of the franchise you purchase.
A good franchise agreement should contain all the critical information concerning the enterprise. The basic information should include the name of the franchisor, the kind of business that is operated under this franchise, the performance of the franchisor before, the location and the manner used in advertising the franchise. This is the basic information you need to know before signing a franchise agreement with any franchisor. It is excellent for an arrangement to have a plan on how the franchise is running now and the future prospects. The rights of you as a franchisor should also be clearly stipulated in the agreement. This is a good way that will see you know what you will be qualified for.
A fantastic franchise agreement should clearly show you your health and safety responsibility. It’s good to guarantee you make use of an insured franchisor so that in the event of emergencies you are catered for. It should also reveal what the penalty is in the event you terminate the terms of agreement. An agreement should also supply you with an operation guideline which will guide you when it comes to hiring of employees.
As a franchisee, it’s great to be keen on the franchise agreement you make it into. This is for your own safety. Prior to signing an agreement, it is good to be certain you know the legitimacy and genuineness of this franchisor that you want to partner with. It’s good to search for a business that will offer you high quality solutions to your satisfaction. To get such a business, it is good to check on the satisfaction level of past clients. Check it out the sample of basic franchise agreement sample below at the attachment page.