Franchise disclosure document template, Prior to getting into an agreement with a franchisor, it’s good to know the terms and conditions of the arrangement. As a franchisee, it is good to know what a franchisor is offering you. Additionally it is good to read clearly the agreement to know your rights and obligations. It’s great 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 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 sort 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 given franchisor. It’s excellent 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 fantastic 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 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 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 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 be certain you know the validity and genuineness of the franchisor you need to partner with. It’s good to look for a company that will give you high quality services to your satisfaction. To get such a business, it is better to check on the satisfaction level of past clients. Have a look the sample of franchise disclosure document template below at the attachment page.