Franchise Agreement | Key Terms for Franchisees and Franchisers

If you're considering buying or selling a franchise, it's important to have a comprehensive Franchise Agreement in place. At BizzLibrary.com, we understand the importance of legal contracts in protecting the interests of franchisers and franchisees. Our professionally-drafted Franchise Agreement template is designed to provide guidance, clarity, and protection throughout the franchise relationship.

What is a Franchise Agreement?

A Franchise Agreement is a legally binding document that outlines the terms and conditions of the franchise relationship between a franchiser (the owner of a business concept) and a franchisee (the independent operator of the franchise business). It establishes the rights and obligations of each party, ensuring that they have a clear understanding of their roles and responsibilities.

What Should be Included in a Franchise Agreement?

A comprehensive Franchise Agreement should cover a range of important elements. Here are a few key aspects that should be addressed:

• Franchiser and Franchisee Responsibilities: The agreement should clearly define the franchiser's obligations relating to trademarks, intellectual property, and ongoing support services, as well as the franchisee's obligations relating to operating standards, marketing and advertising, and sales targets.
• Term: The agreement should specify the length of the franchise term, as well as any renewal or termination provisions.
• Fee Structure: The agreement should outline the fees payable by the franchisee to the franchiser, including initial purchase fees, ongoing royalties, and advertising fees. It should also specify the payment schedule and methods.
• Intellectual Property: The agreement should address the use of proprietary trademarks, copyrights, and other intellectual property owned by the franchiser.
• Training and Support: The agreement should detail the training and support provided to the franchisee by the franchiser, including initial training, ongoing support, and new product introductions.
• Advertising and Marketing: The agreement should outline the franchiser's obligations regarding advertising and marketing support, including providing advertising materials, coordinating campaigns, and establishing branding guidelines.
• Dispute Resolution and Governing Law: The agreement should specify the governing law and the procedures for dispute resolution, such as mediation or arbitration.

Download Our Franchise Agreement Template Today

Don't leave your franchise relationship to chance. Download our Franchise Agreement template in DOCX format from BizzLibrary.com and help protect your business interests. Our professionally-drafted template gives you a solid foundation for your franchise relationship and is completely customizable to suit your unique needs.

Visit BizzLibrary.com to access a wide range of document templates, including legal contracts, sales agreements, and more. Start building a solid foundation for your business today!