What is a Franchise Agreement?
A legal contract in which well-established business consent to provide its brand, operational model and required support to another party for them to set up and run a similar business in exchange for a fee and some share of the income generated.
Why is a Franchise Agreement required?
A franchise agreement is a license that establishes the rights and obligations of the franchisor and the franchisee.
What should a Franchise Agreement cover?
1 Royalty Fees
2 Per Month Royalty Fees
3 Intellectual Property Rights in Franchisee
What is a Master Franchise Agreement?
The Master Franchise Agreement (MFA) is a type of franchise agreement that allows the Master Franchisee the right to own and operate more than one establishment (called unit), and the right to sub-franchise the right to open units to other independent businesses (called Franchisees), all during a specified time within a specific area.
Components of a master franchise agreement are –
Master franchise agreement comprises three participants:
The franchisor who owns the marks,
The know-how (franchise handbook) and the products,
The master franchisee.
DRAFT FRANCHISE AGREEMENT FORMAT
About this video:- In this video, you will get to know about the main points which you should mention in your franchise agreement and how to draft the franchise agreement? If you want to draft your franchise agreement then you can contact us on +91 7297051181 and feel free to get your’s done.
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