No franchise agreement is the same. How a franchise agreement is setup depends on the type of franchise being bought and sold. There will definitely be provisions in the franchise agreement that will have a direct impact on how you run your business. The franchisor may choose the location of your store or require to approve the site selected by the franchisee. The franchisor may require a franchisee’s outlet to look the same as all the other outlets which forms part of the franchise group. This includes the furniture, signage, menus and uniforms.
Franchise agreements should typically specify the manner and method of operations, business system requirements, suppliers, and advertising specifications. The franchise agreement could specify the minimum amount of the insurance required. Franchise agreements may be for fixed terms or a specified amount of years.
Franchise Agreement Assessment (Franchisee)
If you have a franchise agreement, and you would like us to do an assessment before you sign any contract, please feel free to contact us at firstname.lastname@example.org.
Our experienced franchise attorneys will assess your franchise agreement and advise on any legal provisions that may be applicable.
We will give you legal advice on all aspects of the franchise agreement and what steps to follow.