Pharma franchise 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’s good to understand the terms and conditions of this arrangement. As a franchisee, it is good to understand what a franchisor is offering you. It is also great to read clearly the arrangement to learn your rights and duties. It is great to know that it is this arrangement that will see you run the business smoothly. What’s contained in the agreement is the guideline that will act as rules 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 kind of business that is 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 need to know before signing a franchise agreement with any franchisor. It’s excellent for an arrangement 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 fantastic franchise agreement should clearly show you your health and safety responsibility. 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 reveal what the penalty is in the event you terminate the terms of agreement. An agreement should also supply you with an operation guideline which will direct you in regards to hiring of employees.
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 is good to be certain you understand the validity and genuineness of this franchisor that you want to partner with. It is good to look for a business that will offer you high quality services to your satisfaction. To get such a business, it’s better to check on the satisfaction level of previous customers. Take a look the sample of pharma franchise agreement sample below at the attachment page.