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Franchisee Agreement
All about Franchisee
Agreement drafting
Franchise agreement is a legal, binding contract between
business person, who consents to grant the enterprise name or company system to
someone or an entity (the franchisee) which outlines the franchiser's terms and
conditions for the franchisee. It also outlines the obligations of both franchiser and the
franchisee. Here generally franchiser can go for his customized terms, which becomes binding for franchisee.
Duration of
Agreement
The length of a term of a franchise agreement can vary. It depends upon the franchisor
that enters into an agreement with franchisee. Also upon completion of mentioned period, it can be renewed with the consent of both the parties.
How it works
Here the franchise enables you,
the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the
company (franchisor), the right to use the franchisor's name for a specific
number of years and assistance. An agreement
is designed to protect the franchisor's intellectual property and ensure consistency
in how each of its licensees operates under its brand. Even though the
relationship is codified in a written agreement with duration as mutually
decided.
The agreement will include the terms between both the
consenting groups, defining the remuneration for the franchisee, conditions of
usage of brand name, the extent of the agreement, and terms concerning
disciplinary provisions.
How EzeeStartup can help you
We have experts who draft franchise agreements and provide required consultancy on subject in simple, cost-efficient, quicker way which will ease the process of business setup or expansion.
Get in touch with us to know more about this service