Master franchise agreement sample, Prior to getting into an agreement with a franchisor, it’s great to understand the terms and conditions of the agreement. As a franchisee, it’s good to understand what a franchisor is offering you. Additionally it is great to read clearly the agreement to learn your rights and duties. It is great to know that it is this agreement 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 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 performance of the franchisor in the past, the location and the mode used in advertising the franchise. This is the basic information you want to know before signing a franchise agreement with any given franchisor. It’s good for an arrangement 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 fantastic franchise agreement should clearly show you your health and safety obligation. It is good to ensure you make use of an insured franchisor so that in the event 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 give you an operation guideline which will guide you when it comes to hiring of employees.
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 need to partner with. It’s good to look for a business that will offer you high quality solutions to your satisfaction. To get such a business, it is good to check on the satisfaction level of past clients. Have a look the sample of master franchise agreement sample below at the attachment page.