Franchising is a business model where the owner of a company or enterprise (franchisor) allows another individual (franchisee) to operate their own business under the franchisor’s brand name. In this relationship, the franchisor provides the franchisee with business tools, technical knowledge, intellectual property, and training to help them succeed. Franchising is a profitable business model that enables domestic business owners to operate successful foreign businesses in their home country.
However, franchising requires extensive planning, negotiation, drafting, and agreements between the franchisor and the franchisee. The mutually agreed-upon terms between the parties result in the creation of a franchise agreement, which is a legal document that binds both parties to fulfill their obligations to each other. An ideal franchise agreement includes various terms, such as remuneration, timeline, conditions for brand name usage, etc. Therefore, it is crucial to create a comprehensive franchise agreement to ensure that the benefits of such relationships are balanced.
At Legal Suvidha, we aim to provide cost-effective and comprehensive assistance to make the establishment of your franchise business hassle-free.
| Established Brand Name | By entering into a franchise agreement, the franchisee gets the right to use the established brand name and trademarks of the franchisor. This can help the franchisee to attract customers easily, as the brand is already known in the market |
| Support from the Franchisor | The franchisor provides support to the franchisee by sharing their technical know-how, business tools, intellectual property, training, and other resources. This can help the franchisee to operate their business efficiently and effectively |
| Reduced Risk | Franchise agreements can be less risky than starting a business from scratch, as the franchisee has access to a proven business model and a recognized brand name |
| Economies of Scale | Franchisees can benefit from economies of scale by purchasing products and services in bulk from the franchisor at discounted rates. This can help to reduce the overall cost of running the franchise |
| Marketing and Advertising | The franchisor usually handles the marketing and advertising of the brand, which can help the franchisee to attract more customers and increase sales |
| Continuous Support | Franchise agreements usually include ongoing support from the franchisor, including training, updates on products and services, and other assistance to help the franchisee to improve their business operations |
Step 1: Contact Legal Suvidha: Visit the Legal Suvidha website or contact them through their customer service channels. Explain your requirements and provide any relevant details that may be necessary.
Step 2: Consultation: Once you have contacted Legal Suvidha, you will be provided with a consultation to determine your needs and preferences. The consultant will work with you to understand the franchise model you wish to adopt, and the terms and conditions that you wish to include in the agreement.
Step 3: Drafting of the Agreement: Legal Suvidha’s team of experts will then draft the agreement based on the information provided by you. They will ensure that the agreement complies with all legal requirements, and covers all relevant aspects of the franchisor-franchisee relationship.
Step 4: Review and Amendments: Once the agreement has been drafted, Legal Suvidha will share it with you for review. You can suggest any amendments or changes that you wish to make to the agreement.
Step 5: Finalization and Signing: Once all parties are satisfied with the agreement, it can be finalized and signed by both parties. Legal Suvidha will provide assistance in the finalization and signing of the agreement.
Overall, Legal Suvidha can help you in every step of the process of drafting a business franchise agreement. They will ensure that the agreement covers all necessary terms and conditions, and complies with all legal requirements.
1. Memorandum of Understanding (MOU) or Letter of Intent (LOI) between the franchisor and franchisee
2. Franchisor’s business registration documents
3. Franchisee’s business registration documents
4. Financial statements of the franchisor and franchisee
5. Disclosure document by the franchisor
6. Operations manual provided by the franchisor
7. Trademark registration certificate and other intellectual property rights documents
8. Licenses and permits required for operating the franchise business
9. Lease agreement for the franchise location
10. Insurance policies
11. Non-disclosure agreement between the parties
12. Any other relevant documents related to the specific terms of the franchise agreement
Fill out the application form & other details.
Make the payment through online mode.
We will process your application.
A mail will be send on completion.
We provide free of cost consultation and legal advice to our clients.
All our services are online no need you to travel from your place to get our services.
We are a team of more than 15+ professionals with 11 years of experience.
There are no hidden & extra charges* other than the quote/invoice we provide.
We aim that all our customers are fully satisfied with our services.
We value your time and we promise all our services are delivered on time.
In this Journey of the past 10+ years, we had gained the trust of many startups, businesses, and professionals in India and stand with a 4.9/5 rating in google reviews.
Explore more of our blogs to have better clarity and understanding
of the latest corporate & business updates.
Hello everyone! In today’s post, I want to discuss three crucial pillars that every founder
Logo Registration: Protecting Your Visual Identity Introduction In today’s competitive business world, your logo is
Brand Registration in India: Securing Your Business Identity In today’s competitive market, protecting your brand
IP India Public Search: What You Need to Know Introduction IP India Public Search is
Now get all the services required for your business in a single app.
Legal Suvidha has been a one-stop Compliance Provider for all start-ups and entrepreneurs.
Want to Setup your business in India? Connect with the best Online Registration, Licenses and Return filing solution providers for business across India. Since 2007, LegalSuvidha has been a one-stop shop for all startups or entrepreneurs looking for a chartered accountant, company secretary or lawyer. We have been ensuring Startups and SMEs are fully compliant with India’s legal system. Over the past 15 years, the depth of our offerings has increased and that too at affordable prices and customer satisfaction has made our standing different and we are giving a tough competition to other online facilitators of legal services in India. We have the best team for Company incorporation, Trademark Registration, Auditing, Advisory and Tax Filing for large, medium, small businesses and Startups in India.
Most of the budding entrepreneurs are in dilemma about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship? Each of these has its advantages and disadvantages. The type of entity should be chosen only after one round of consultation with our experts, as they will be in a better position to guide on the same. For example, Registering as a private limited company would be a good fit for any venture that will look for funding at a later stage. You can contact Legalsuvidha for any type of registration and advice you need for your business transactions. We assure you of great professional service at a reasonable price. You can connect with us for a free check on the Company name availability.
The importance of intellectual property is very much but most of the businesses are not aware of the same. We at LegalSuvidha simplify the process for you to register a Trademark for your brand, to get copyright for your artistic, creative ability and will also help you in patenting the process after a proper patent search patents which will ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Legalsuvidha, we are very well equipped to handle all your IP requirements. We facilitate trademark applications in just two days, copyright registration for all your software, pictures, audio, and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.
To do any business in India, you need a license for almost everything. Started a manufacturing business? You need a GST Registration and a Trade License. For a food business, you need an FSSAI license. In case you have employees, You need a Professional Tax registration and Shops & Establishments Act Registration. If that’s not enough, you also need to file GST Returns and Professional Tax Returns.
There is a lot of importance of legal documentation when you start your business, whether with your Investors, partners/co-directors, employees and any vendors you deal with. By getting a lawyer to draft contracts or agreements with new vendors, employees, and investors, you’re ensuring that you have all the downsides covered. At LegalSuvidha, we connect you to lawyers who will deliver complex documents, from shareholders’ agreements and founders’ agreements to terms of service/privacy policy and non-disclosure agreements, at a reasonable cost in a few days.
It’s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs, Central Board of Indirect taxes and Central Board of direct taxes once you register your business. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorized share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At LegalSuvidha, we facilitate all these services completely online. This means you can engage a professional on retainer for the year and we’ll ensure that all the formalities are completed for you while you focus on your business.
We are Authorized e-return Intermediaries and have recently launched our own ITR filing platform, this will help the salaried employees and businesses to get their ITR filed within the time and at a reasonable price. Through the use of automation, the system is highly effective and will help in filing ITR in up to 10 minutes for Salaried employees. We have on-boarded the best Chartered Accountants who will provide consultation for both Salaried employees and Businesses to file proper taxes to the government of India. This will help in avoiding legal notices in the future and will also help in getting the returns processed at the earliest. We are the first in the market to launch the ITR filing facility for FY 2018-19.
Legal Suvidha © 2013-2024. All Rights Reserved.
