Franchise agreement letter sample, A franchise agreement is a legal document that clearly states the rights and responsibilities of the franchisor and franchisee. Prior to getting into an arrangement with a franchisor, it is good to understand the terms and conditions of the agreement. As a franchisee, it is good to know what a franchisor is offering you. Additionally it is good to read clearly the arrangement to know your rights and duties. It is great 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 buy.
A fantastic franchise agreement should contain all of the critical information concerning the enterprise. The basic information should include the name of the franchisor, the kind of business that’s operated under this franchise, the performance of the franchisor before, the location and the mode used in advertising the franchise. Here is the basic information you need to know before signing 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 specified in the agreement. This is a fantastic way that will see you know what you will be entitled to.
A fantastic franchise agreement should clearly show you your health and safety obligation. It’s good to guarantee you take advantage of an insured franchisor so that in the event of emergencies you’re catered for. It should also show what the penalty is in the event you terminate the terms of agreement. An agreement should also give you an operation guideline which will guide you when it comes 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 safety. Before you sign an agreement, it’s good to make sure that you understand the legitimacy and genuineness of the franchisor you need to partner with. It is good to look for a business that will give you high quality services to your satisfaction. To get such a business, it’s good to check on the satisfaction level of past customers. Take a look the sample of franchise agreement letter sample below at the attachment page.