A Franchise Agreement is a legal contract in which an 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.
The franchise agreement is the written contract between the franchisor and franchisee. It is the fundamental legal document upon which the franchisor-franchisee relationship is based. The franchise agreement details the conditions that both the franchisee and franchisor must understand and accept. It also specifies the precise obligations, responsibilities and rights of each party to the contract, as well as the actions that the franchisee and franchisor are prohibited from engaging in. Both the franchisor and the franchisee must sign the franchise agreement, as it is the legal document that binds the two parties.
- On successful payment and submission of details, our team of lawyers will get in touch with you and begin drafting the agreement
- Document will be shared for review in 3 to 4 working days. Special rates apply for quicker turnaround
- 3 rounds of iterations are included in the original price