Real estate franchise agreement sample, Prior to getting into an agreement with a franchisor, it’s great to know 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 arrangement to learn your rights and duties. It is good to know that it is this arrangement that will see you run the business 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 good franchise agreement should contain all the crucial information concerning the business. 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. This is the basic information you want to know before you sign 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 specified in the agreement. This is a fantastic way that will see you know what you will be qualified for.
A good franchise agreement should clearly show you your health and safety responsibility. 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 show what the penalty is in case 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 is great to be keen on the franchise agreement you get into. This is for your own security. Before you sign an agreement, it is good to make sure that you know the legitimacy and genuineness of the franchisor you want to partner with. It is good to look for a company that will give you high quality solutions to your satisfaction. To get such a business, it’s good to check on the satisfaction level of previous clients. Have a look the sample of real estate franchise agreement sample below at the attachment page.