All You Need to Know About Starting a Company
What is a Franchise Agreement?
Franchise agreement is an agreement in which the franchisor agrees to lend its trade name or business system to another person or entity (the franchisee) under the guidelines.
The following terms will be defined by this agreement: -
- Basis of the arrangement between the two parties
- Amount to be paid by the franchisee
- In what way the brand name can be used by the franchisee
- Time duration of the arrangement
- Clauses dealing with penal provisions like fines and compensation on cancellation of the franchise
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Ankit Mishra
K-Tech Engineers (India) Pvt.Ltd.“One of the best online place for all your legal services. I used them for setting up a company, GST registration and filing, IT filing and for legal notices. They clear all the queries very patiently and make all the processes quite easy. But the best part is they charge very less cost compared to other online services.”
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Indian Courier Express“Very Professional. Co-operative. ClickNTax helped us to take informed decisions throughout the process. All done conveniently. Follow ups were quick. Thank you ClickNTax. :)”
Arun Gupta
GuideSkillAdvantages of a Franchise Agreement
Setting the Standards of quality
With the help of this agreement, the franchisor will be able to set the standard of quality with regard to the various aspects of a business before signing on the franchisee.
Brand Control
With the help of such an agreement, the franchisor will be able to specify the ways in which the franchisee can use the brand. It also includes the penalties in case of violation of the rules.
Franchise Agreement Procedure
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3 WORKING DAYS
Our representative will contact you to understand your requirements, once you get in touch with us. We will also contact you if more details are needed. We will connect you to a verified lawyer once we get all the required information. Our lawyers who will prepare the draft and send it to you for review within 3 to 4 working days. -
2 WORKING DAYS
After reviewing the draft, if you have any clarifications or changes to make, the assigned lawyer will discuss it with you and implement them. Two rounds of such modifications will be provided at no extra cost.
