What is a Franchise Agreement?
A Franchise Agreement is the formal contract which sets out and regulates the relationship between a Franchisor and a Franchisee in relation to a franchised business. It will govern every aspect of the contractual framework between the parties.
When should a Franchise Agreement be used?
A Franchise Agreement should be used in all situations involving a franchised business.
It is a critical document as it will span the life of the franchised business and will be used as an ongoing guidance and reference point throughout that period. It should be used for both limited company Franchisees and sole trader Franchisees alike.
What is contained in this Franchise Agreement?
This Franchise Agreement is a comprehensive document including the main body of the Agreement together with a suite of Schedules, some of which are optional depending on the circumstances.
Some of the most important aspects of this Franchise Agreement are the following:
- Franchise Rights Granted
- Term of Agreement
- Fees and Charges
- Parties Obligations
- Branding and Adverting
- Intellectual Property Rights
- Sale of Business and Termination Rights
- Start-Up Package
How can LawBite help
LawBite makes it easy to understand a legal document such as a Franchise Agreement and other documents that will help protect your business. LawBite is a digital legal platform and law firm, providing free legal documents and legal templates that you can quickly download and easily edit. Our legal document library has all the necessary legal documentation to help your business succeed and grow.
If you have more bespoke requirements for your Franchise Agreement or you would like a lawyer to review it - you can speak with the LawBite team.
Our contract review service starts at just £160 + VAT. All our lawyers are UK qualified, insured, regulated and experienced in all business legal matters, so you can rest assured that your Franchise Agreement will be professionally reviewed and of the highest quality.