Franchise terms and conditions agreement sample, A franchise agreement is a legal document that clearly states the rights and responsibilities of the franchisor and franchisee. Before you get into an agreement with a franchisor, it is great to know the terms and conditions of the agreement. As a franchisee, it is good to know what a franchisor is offering you. It is also great 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 business 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 crucial information concerning the business. The basic information should include the name of the franchisor, the kind 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 need to know before signing a franchise agreement with any given 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 entitled to.
A fantastic franchise agreement should clearly show you your health and safety obligation. It’s good to ensure you take advantage 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 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. Prior to signing an agreement, it’s good to be certain you understand the legitimacy and genuineness of this franchisor you want to partner with. It is good to look for a business that will offer you high quality solutions to your satisfaction. To get such a business, it is better to check on the satisfaction level of past customers. Have a look the sample of franchise terms and conditions agreement sample below at the attachment page.