Franchise Agreement

Franchise Agreement

Franchise Agreement

Get Instant Quote

What is franchise agreement?

A Franchise Agreement is a legal, binding contract between a franchisor and franchisee. The franchise agreements are enforced at the State level. It also outlines the obligations of the franchisor and franchisee. The franchise agreement is signed at the time an individual makes the decision to enter the franchise system.

What are the basis element of franchise agreement?

Franchise-agreement

The Franchise Agreement needs to deal with some basic elements including.
1. Overview.
2. Duration.
3. Initial and Continuing Fees.
4. Use of the Intellectual Property including Trademarks, Patents, Manuals. 5. Advertising.
6. Insurance Requirements.
7. Record-Keeping and the Rights to Audit the Franchisee’s Records.

What are the types of franchise agreement?
1. Single-Unit Franchise Agreement.
2. Multi-Unit Franchise Agreement.
3. Area Development Franchise Agreement.
4. Master Franchise Agreement.

What is the tenure of Franchise agreement?
The tenure of franchise agreement should not exceed five years and it may renew after every five years.

Our Packages

Agreement
₹ 11800
  • Package Includes
  • Agreement

Documents Required for Franchise Agreement

  • Information of the franchisor and franchisee.
  • Continuing Fees
  • PAN Cards of Franchisor and franchisee.
  • Legal Entity of the agreement.

Process Involved

Step 1

1

Documents Received.

Step 1

2

Documents Received.

Step 2

3

Agreement drafted.

Step 3

4

Agreement approved.

Step 4

5

Printed on respective stamp paper.

Step 5

6

Signed by both the franchisor and franchisee.

Step 6

7

Notarised.

FAQ'S