Franchise license agreement sample, A franchise agreement is a legal document that clearly states the rights and duties 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 agreement to learn your rights and obligations. It’s good to know that it is this arrangement that will see you run the company smoothly. What is contained in the agreement is the principle 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’s operated under this franchise, the functioning of the franchisor in the past, the location and the mode 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 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 obligation. It is good to guarantee 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 give you an operation guideline which will direct you in regards to hiring of workers.
As a franchisee, it is great to be keen on the franchise agreement you make it into. This is for your own safety. Prior to signing an agreement, it’s good to make sure you understand the legitimacy and genuineness of this franchisor you want to partner with. It is good to look for a company 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 customers. Have a look the sample of franchise license agreement sample below at the attachment page.