Exclusive franchise agreement sample, Before you get into an arrangement with a franchisor, it’s great to know the terms and conditions of this arrangement. As a franchisee, it’s good to know what a franchisor is offering you. It is also good to read clearly the agreement to know your rights and duties. It is good to know that it is this arrangement that will see you run the company smoothly. What’s contained in the agreement is the principle that will act as rules 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 functioning of the franchisor in the past, the location and the mode used in advertising the franchise. This is the basic information you need to know before you sign a franchise agreement with any franchisor. It’s good for an agreement 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 entitled to.
A good franchise agreement should clearly show you your health and safety responsibility. It’s good to ensure you make use of an insured franchisor so that in the event of emergencies you’re catered for. It should also show what the penalty is in case you terminate the terms of agreement. An agreement should also supply you with an operation guideline which will guide you in regards to hiring of workers.
As a franchisee, it’s good to be keen on the franchise agreement you get into. This is for your own security. Prior to signing an agreement, it’s good to be certain that you understand the validity and genuineness of this franchisor that you want to partner with. It is good to look for a company that will give you high quality solutions to your satisfaction. To get such a business, it is good to check on the satisfaction level of previous clients. Check it out the sample of exclusive franchise agreement sample below at the attachment page.