Simple franchise agreement sample, Prior to getting into an arrangement with a franchisor, it is good to understand the terms and conditions of this 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 duties. 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 rules to govern your day to day running of the franchise you purchase.
A fantastic franchise agreement should contain all of the crucial information concerning the enterprise. The basic information should include the name of the franchisor, the kind of business that’s operated under this franchise, the functioning of the franchisor before, 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 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 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’s good to guarantee you take advantage of an insured franchisor so that in the event 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 workers.
As a franchisee, it is good to be keen on the franchise agreement you get into. This is for your own security. Prior to signing an agreement, it is good to be certain you know the legitimacy and genuineness of the franchisor you need to partner with. It is good to search for a business that will give you high quality services to your satisfaction. To get such a business, it is good to check on the satisfaction level of past clients. Check it out the sample of simple franchise agreement sample below at the attachment page.