Franchise Contract Sample
The agreement may be limited to a particular location and also restrict the franchisor from locating another business nearby.
Franchise contract sample. The top portion of the template covers the parties involved in the agreement as well as the franchise fees that the owner is agreeing to pay. Franchise agreement in a franchise agreement a franchisor grants the franchisee the right to use the franchisor s system and proprietary marks to operate a franchised business. A franchise agreement is a legally binding document which contains information about the terms and conditions set by the franchisor for the franchisee. Under the standard rules for contract interpretation words are given their commonly understood meaning unless they are specified.
A franchise agreement sample also contains an outline of the obligations of both the franchisor and the franchisee. A franchise agreement also sometimes called a franchise business agreement is a document between two main parties the party that will be franchising out their already well developed business model called the franchisor and the party that will be agreeing to certain terms and conditions in order to create their own franchised business based on that business model.