Agreement Of Franchising

A franchise agreement is a contract of adhesion, that is, it is established by a party with greater bargaining power using standard form rules. However, sometimes it is possible for franchisees to negotiate smaller points, such as a tempest plan for the initial franchise fee. Franchising is a consistent and lasting replication of a company`s brand promise, and an agreement should describe in detail the many business decisions that are considered in creating a franchise system. It is complex and, in most cases, a contract of adhesion, that is, an agreement that cannot be easily modified. As a franchisor, your franchise agreement is the primary and most important legal document that governs and defines the legal relationship with your franchisees.