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FRANCHISEE AGREEMENT

FRANCHISEE AGREEMENT:

There are two parties in the agreement, franchisor and the Franchisee and the agreement is a legally binding agreement between the parties granting the franchisee rights to use the systems of the Franchisor. It is an agreement where the franchisor lends the business entity to some other person by defining various rights and obligations of the Franchisee in the agreement. There are certain important clauses in the agreement such as obligations of the parties, governing laws in the agreement, penal clauses and cancellation terms and the mode of termination as well as fine and compensation clauses.

THE ADVANTAGES OF FRANCHISEE AGREEMENT:

  1. Franchise agreement allows the use of the franchise and its system to other person and all the other products that the franchise business has to offer. This agreement legally allows the franchisor to transfer control of the franchise to some other person legally as the terms and conditions are clearly specified in the agreement as to the transfer of the franchise.
  2. The franchisor can still take control of the brand by defining various clauses in the agreement so that the brand name of the franchise is protected.

5999/-

STANDARD PRICING

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