Franchise agreement is very helpful for expanding any business. For a company who wants to establish its branches everywhere around the country or around the globe. Franchise agreements are a great tool for this purpose. Both of the parties can get the benefits from this agreement. On the one hand it’s a very lucrative business practice. Because the franchiser has not to do any expense in order to open any branch in other city but in return the franchiser is paid by the franchisee. It may be an open agreement in which the rights of both parties are secured by each other.
Checklist deal with all the needs of both parties:
The best part of this agreement is that you can negotiate freely and can win the best contract. But the franchise agreement depends on the nature of business. Either your business is related to services or related to merchandise. In order to make a Franchise Agreement Sample one has to follow the checklist of basic franchise agreement .certainly these are the issues which needs your attention. The terms can only be finalized if a franchisee is fully aware about the benefits and detriments of this new business. So checklist is always proves useful for a franchisee it’s a supportive tool in the making of Franchise agreement.
Features of franchise agreement:
Following are the terms and conditions which remain under consideration.
Terms related to the cost of opening franchise
Terms and conditions related to the location of franchise
Terms and conditions which address to the buildings, equipment and supplies of a franchise
Terms enfolds how a franchise will operate
Terms and conditions related to the termination and renewal of a franchise agreement
Restriction of selling the franchiser products ,
Terms related to the purchase of franchiser’s products.
Assessment of franchiser and inclusion of legal provision for the security of franchisee’s interest.
So checklists address all these issues and there are many other issues which can be included and can be negotiated according to the needs of franchisee and franchiser respectively.
Franchise agreement is a give and take agreement :
So opening a franchise is a complete business opportunity and a complete business portal .a franchisee can enjoy the benefits of the expertise and experience of the franchiser. A franchise agreement is beneficial for both parties, and both of the parties can enjoy the fruits of mutual cooperation thus for a franchiser a franchise agreement provides the prospect to build up a business chain and a supply chain as well. Because a franchise agreement has so much to offer to both parties. A complete learning opportunity for the franchisee and its employees. For a franchiser the franchise agreement proves a great tool because his business boost up automatically, he does not have to purchase premises and to do expense for hiring the staff for the opening of a branch in a new city. He just has to authorize his business to some other person. So franchising is a gift of globalization and market liberalization.
Net lawman offer good quality consultancy agreement for use in India consulting agreement is suitable for any consultant or self employed person who sells expertise or knowledge.