A properly drafted Franchise Agreement will be prepared after detailed discussions with you are undertaken to understand your business model, intellectual property and commercial agreements necessary for the operation of your franchise. Usual terms will include:
- The grant of rights to operate the business
- The franchise term
- Business location and exclusive territory
- Franchise fees
- Establishment costs
- Training and development
- Rules and regulations
- Confidential operations manual
- Sale of the franchise business
- Default and termination provisions
- Restraints of trade upon termination or sale
- Advertising and marketing funds
- Security documents to ensure payments and compliance with undertakings