1 / 10

Franchise agreement | Franchise agreement format | Taxolawgy | Franchise Legal

Avail Franchise agreement service at the comfort of your homes. Taxolawgy connects you with experts who can draft Franchise agreement.

mukulwasnik
Download Presentation

Franchise agreement | Franchise agreement format | Taxolawgy | Franchise Legal

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Taxolawgy Justice for All! Legal | Financial | Taxation

  2. About Us Taxolawgy is an online marketplace for providing highest quality of Legal and Financial services in the most transparent environment at affordable rates, while opening global business opportunities for experts like Advocates, CA, CS, etc.

  3. Franchise Agreement

  4. Franchise Agreement An established business for purposes of expansion agrees to provide its brand, goodwill and other required support to assist another party to set up and run the business in exchange for some charges and part of the revenue which is generated. In such circumstances, a legal document is required which declares all the terms and conditions acceptable to all the parties and the rights, duties and obligation of each party along with the number of profits to be shared. Such an agreement is called the Franchise Agreement.

  5. What Are The Different Types Of Franchise Agreements? Development agreement:The development agreement only provides for the development of the franchise. After the development a separate agreement needs to be executed to operate the store. Basic Franchise agreement: After the development, in order to operate the business this agreement is made by parties. It is necessary to have exclusivity clauses in the franchise agreement so no other stores of the same brand are operated within a preferred distance from the store. Sub-Franchise agreement: This agreement is made in circumstances where the franchisee is unable to operate the business on a full-time basis or wants to outsource the operations of the franchisee.

  6. What are the major elements of a franchise agreement? • Initial Fees • Investment • Product/Service • Finances • Obligations of Franchisor • Obligation of Franchisee • Exclusiveness • Intellectual Property Rights • Agreement Period • Franchise Fees • Termination

  7. Relevant Clauses In A Franchise Agreement Franchise agreement clauses differ from business to business. There are similar aspects which these agreements address. They are: Term And Renewal Fees and royalty clause Proprietary marks Confidentiality clauses Training Duty of Franchisor Duty of Franchisee Default and Termination Advertising Dispute resolution

  8. Elements In A Franchise Agreement Personal Details: The franchise agreement must contain the full details and legal authority of the parties. Consideration: The agreement must state the number by the party, the royalty, deposit, charges, mode of payment, payment date, etc. Use of intellectual property: Maximum franchise agreements have clauses that require the franchisee to notify the franchisor in case of trademark infringement.

  9. Details of business operations: The details of goods and services which are to be provided by the franchise, right of franchisor to inspect at any time . • Governing law: It is another very important aspect i.e. to mention the governing law clause it helps in making sure as to which law would govern the parties under this agreement. In the case of foreign entities and Indian entities entering the agreement, it assists in understanding which country’s law would have governance.

  10. Taxolawgy Hope you liked it! To know more about our legal, financial & taxation services write to us at info@taxolawgy.com

More Related