Sub franchise agreement sample, A franchise agreement is a legal document that clearly states the rights and duties of the franchisor and franchisee. Before you get into an arrangement with a franchisor, it’s great to understand the terms and conditions of the agreement. As a franchisee, it is good to know what a franchisor is offering you. It is also good to read clearly the arrangement to learn your rights and obligations. It is good to know that it is this agreement that will see you run the business smoothly. What’s 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 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 before, the location and the mode used in advertising the franchise. Here is the basic information you need 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 entitled to.
A fantastic franchise agreement should clearly show you your health and safety responsibility. It’s good to guarantee you make use of an insured franchisor so that in the event of emergencies you are catered for. It should also reveal 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 in regards to hiring of workers.
As a franchisee, it’s great to be keen on the franchise agreement you make it into. This is for your own safety. Before you sign an agreement, it’s good to be certain you understand the legitimacy and genuineness of the franchisor you need to partner with. It’s good to look for a company that will give you high quality solutions to your satisfaction. To get such a business, it’s better to check on the satisfaction level of past clients. Have a look the sample of sub franchise agreement sample below at the attachment page.