Summary
This Franchise Agreement can be used to contract with your franchisees if you run a business that has been franchised. It sets out the rights and obligations, ensuring that the boundaries are set on the services that the franchisor will be performing, and specifies what is required of the franchisee.
Why do I need a Franchise Agreement?
A Franchise Agreement sets out the terms of the franchisor’s relationship with the franchisee, including the terms of payment.
Note: it is recommended that a Confidentiality Agreement and a Franchise Application Form are completed before entering into the Franchise Agreement.
What type of business should use a Franchise Agreement?
If your business provides products and/or services, where the business can be duplicated on a franchise basis, then you can use this agreement to contract with your franchisees.
What does the Franchise Agreement say?
The Agreement consists of:
What does the Franchise Agreement look like?
The agreement can be printed onto twelve A4 pages.
What do you need to do to use the Franchise Agreement?
- Read the document to ensure that it suits your requirements. Make changes as required.
- In particular, ensure that ALL the blanks have been filled in, including the purchase price, effective date, territory, royalties payable, and the products that will be provided to the franchisee upon signature.
As known as:
- Franchise Terms and Conditions
- Franchise Contract