Franchise Agreement

₹ 600


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Definition

It is a legally binding document which specifies what the duties and obligations of both the franchisor and franchisee are towards the franchise.

It is basically made by a well established business consents to provide its brand, operational model and required support to another party for them to set up and run a similar business in exchange for a fee and some share of the income generated.


Why Draft Franchise agreement?

  • To attain goodwill.
  • To improve trademark and brand image.
  • To grant another party the right to run the business in a similar manner associated with that trademark.
  • To outline how the business will be run.
  • To meet branding and operative criterions.

Benefits

  • To ensure quality is maintained
  • To assure and maintain revenue
  • To meet business requirements

You need to keep in mind the following details

  • Proper name and address of the Franchiser [ the company which is ready to let out the services for expanding business throughout the nation]
  • Proper name and address of the Franchisee [ individual who is ready to start the business under the name and style of the franchisor for certain amount decided earlier.]
  • Correct description of the business.
  • Correct Registered Address of the franchisor company 
  • Certificate of Incorporation.

Why The Legal Capsule?

Because we are efficient, correct and we look to achieve client satisfaction.