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What is a franchise agreement?

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The Franchise agreement is the legal document that specifies the vital aspects of the franchisor- franchisee relationship. Every franchisee is supposed to abide by certain rules and regulations and these are mentioned in clear terms in the franchise agreement. This agreement also spells out the way the franchise business will be run, the role the franchisor will play in the franchise system and other associated things.

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 Going through the franchise agreement, you will also know about the franchise operational manual, terms and conditions of the contract, remarks of the proprietor, explanation of the costs and other additional expenditure. The document can be very helpful to both the parties in case of any dispute.

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