Franchise agreement sample canada, 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 this agreement. As a franchisee, it is good to understand what a franchisor is offering you. Additionally it is good to read clearly the arrangement to learn your rights and obligations. It is great to know that it is this arrangement that will see you run the business smoothly. What’s contained in the agreement is the guideline that will act as guidelines to govern your day to day running of the franchise you buy.
A good franchise agreement should contain all the crucial information concerning the business. 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 in the past, the location and the mode used in advertising the franchise. Here 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 strategy 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 good way that will see you know what you will be qualified for.
A good 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 case of emergencies you’re 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 in regards to hiring of employees.
As a franchisee, it’s good to be keen on the franchise agreement you make it into. This is for your own safety. Before you sign an agreement, it’s good to make sure you know the validity and genuineness of the franchisor you need to partner with. It’s good to search for a business that will give you high quality services to your satisfaction. To get such a company, it’s good to check on the satisfaction level of past clients. Check it out the sample of franchise agreement sample canada below at the attachment page.