Description and usage Franchise Agreement This Franchise Agreement is designed for use by the owner of a business who wishes to expand by appointing a franchisee to carry on their own business using the name, assets and so on belonging to the franchisor. This fourteen page document contains 18 clauses covering - definitions
- payment of the franchise fee and grant of the franchise
- renewal of the term
- franchisor’s obligations
- franchisee’s obligations
- sale of the franchise business
- termination
- termination consequences
- title
- severance
- the franchisor’s right to assign
- goodwill
- notices
- no partnership or agency
- waiver
- the scope of the agreement
- value added tax
- jurisdiction
Two Schedules are included, allowing parties to specify in detail the obligations of the franchisor and franchisee. The franchise agreement is suitable as a template for a wide range of businesses – from a type of restaurant to a particular service to the public, such as valeting cars. What's in it? - See detailed Explanatory Notes below
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