Create Franchise Agreements With Our Help
What Do Franchise Agreements Entail?
A franchise agreement is a document that allows an individual to start their own franchise and allows the franchiser to lay out all the different requirements and regulations that come with owning one of their franchises. The franchiser draws up the franchise agreement in accordance with the regulations laid out by the US Federal Trade Commission. The document has to include a number of different elements including:
- Franchise Disclosure Document
- The parties that are participating in the agreement
- Definitions of various terms such as agreement, territory area, area licensee, authorized deductions, gross receipts, license network, trademarks, start date, trade name, termination, and transfer of license.
- Licensed rights, franchisor services, franchisee payments, and franchisee obligations
All of these elements are critical to the document and they are not extensive. There are actually quite a bit more that must be added to the list and they must be spelled out to a certain extent. That means that you could be writing an incomplete agreement if you do not seek out the help of a professional.
Talk to a Franchise Attorney
A franchise attorney is going to have the knowledge and experience that you do not have. They are going to be able to give you the guidance that you need so that you make an airtight agreement to please all the parties involved in the transaction. They will also be there to represent you in the event that the other party does not agree to your terms and wants to change the wording of the agreement. With our help, you will be able to get everything taken care of and not have to worry about a negative outcome.
The Law Office of Frederic E. Waczewski, P.A. can be this resource for you. We have been the business lawyer Orlando business owners trust for some time now and we understand the complexity of a franchise agreement. If you are interested in learning more about our services, contact us today.
The Law Office of Frederic E. Waczewski, P.A. is the best business lawyer Orlando has to offer. We have dealt with many franchise agreements in the past and we know what it takes to make sure it is done well and accurately. To learn more about our services, contact us today.