Franchise disclosure agreement sample, Before you get into an arrangement with a franchisor, it is great to understand the terms and conditions of the arrangement. As a franchisee, it’s good to understand what a franchisor is offering you. Additionally it is great to read clearly the arrangement to know your rights and obligations. It is good to know that it is this arrangement that will see you run the company smoothly. What is contained in the agreement is the guideline 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 crucial information concerning the enterprise. The basic information should include the name of the franchisor, the sort of business that is operated under this franchise, the functioning of the franchisor in the past, the location and the manner used in advertising the franchise. Here is the basic information you want to know before signing 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 clearly stipulated in the agreement. This is a good way that will see you know what you will be entitled to.
A fantastic 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 case of emergencies you are 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 when it comes to hiring of workers.
As a franchisee, it’s great to be keen on the franchise agreement you get into. This is for your own safety. Prior to signing an agreement, it is good to make sure that you understand the legitimacy and genuineness of this franchisor that you want 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 company, it is good to check on the satisfaction level of previous clients. Have a look the sample of franchise disclosure agreement sample below at the attachment page.