08 Sep, 2017

Franchise Agreement Template Free

Franchise agreement template free Making a franchise agreement template free means defining rights and duties of both parties to the agreement. There can be more than one party in a franchise agreement then this legal document will be signed by all parties. What should be included in a franchise agreement may be the question in your mind. Here we present a franchise agreement template to meet your needs. This franchise agreement template has been created in MS Word 2007. We have created this sample franchise agreement template containing all important clauses. You can customize this franchise agreement template to suit your needs with much ease. Agreement is a legal document that is used to define and protect rights and duties of two or more parties to the agreement. An agreement will meet its purpose if it is formatted in legal way. Agreement template that you will get here has been prepared by a person expert in writing legal documents so you can fully rely on legality of this template. This franchise agreement template free is for a Franchisor who wishes to appoint a Franchisee for a stated area or territory. The agreement allows for the franchise to be exclusive or non-exclusive, and allows the franchisor to specify the geographical area of the franchise. The area or territory of the franchise could be as small as part of a city, to as large as a continent. The scope depends upon the nature of the franchised product and service. Obviously most franchisors wish to have as many franchises as possible in a given territory to ensure maximum coverage and revenue. The benefit for those taking a franchise is an existing business model, support network and brand, all of which help the franchisee to make the most of the business opportunity. This franchise agreement template free is essential for any Franchisor who wishes to setup a successful franchise network and needs to ensure that all franchisees follow the same rules and procedures. The agreement also contains the following clauses: • Definitions • Appointment • Location • Contract Term • Fees & Payment Terms • Franchisor's Responsibilities • Franchisee's Responsibilities • Franchisee's Reporting Responsibilities • Intellectual Property • Confidentiality • Limitation of Liability • Termination • Restrictive Covenants • Notices • Force Majeure • Assignment • General • Jurisdiction • Schedule 1 - Territory • Schedule 2 - Trademarks Reasons to buy: When setting up a franchise a proper written franchise agreement template is vital so that any franchisee knows exactly what is expected of them. This agreement includes a detailed section on franchisees' responsibilities and places restrictions on any former franchisees setting up in competition to the franchisor.