Franchise Agreement

A franchise agreement is a legally binding contract between a franchisor (the owner of a business model) and a franchisee (an individual or group that is granted the right to operate a business using that model). The agreement outlines the terms and conditions under which the franchisee may use the franchisor’s trademark, business model, and other intellectual property.
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Mayank Wadhera

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Overview of Franchise Agreement

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.

Advantages of Franchise Agreement

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

Registration Process

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.

Required Documents

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

FAQ's Franchise Agreement :-

The right to use the franchisor’s trademarks is one of the most crucial provisions of a franchise agreement. The franchisor must possess exclusive rights to use a trademark and have registered it.
A franchise arrangement typically lasts between five and twenty years. The size of the franchisee’s original investment is frequently the cause of this typical duration of time, however other potential causes include market conditions and the type of franchise.
In accordance with a typical franchise agreement, the relationship between the franchisor and franchisee may end in one of two ways: I the franchise agreement may expire at the conclusion of an initial or renewal term; or (ii) one party (most likely the franchisor) may terminate the agreement prior to its expiration.
Who is the owner of franchise agreement? The franchisor The franchisor owns the trademark, various patents and the signage associated with the franchise. This part of the contract outlines the specific ways a franchisee is permitted to use those entities, as well as the ways they are not permitted to use them

Get Started

1. Application

Fill out the application form & other details.

2. Payment

Make the payment through online mode.

3. Process

We will process your application.

4. Confirmation

A mail will be send on completion.

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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.

Reno K Subramaniam
Reno K Subramaniam
22/03/2023
I have recently registered a Private Limited firm and was looking for a CA to take care of the filings, Startup India Certificate, and other formalities. I have received emails from legal Suvidha and a few others. I tried talking to them all. But, Mr. Mayank from Legal Suvidha was very impressive and was patient enough, prompt to answer all the queries. He has a very professional team and after the initial formalities, I started interacting with the team. It's not even 2 weeks but I really feel overwhelmed by their service and professionalism. I received my startup India certificate yesterday and my filings have been done promptly. The team at legal suvidha Ms. Nidhi, Ms. Priyanka, Ms. Koshika, and Ms. Saloni all show the same professionalism and are readily available to take care of the official filings and stuff. Overall a great experience till now and looking forward to a great journey!
pankaj tiwari
pankaj tiwari
22/03/2023
Legal suvidha is a team of genuine and experienced professionals who give you best services according to your profile
Raman Krishnan
Raman Krishnan
21/03/2023
Saloni from legalsuvidha has done a excellent job for filling and geting certificate of DPIIT. Thanks to legalsuvidha.
Prakaash Hari
Prakaash Hari
15/03/2023
Team Legal Suvidha offers a brilliant service. There communication is quite clear and they execute the job meticulously. We are a startup private limited company and their advice is so critical in making my decision. Well done team. Keep it up. Prakaash Hari, Director, ipixela.
Priyanka Rudra
Priyanka Rudra
02/03/2023
Dedicated team and fast response
Dr. Vishal Ghag
Dr. Vishal Ghag
21/02/2023
Been using their services since 3 years now and I am absolutely happy with Legal Suvidha. They have been supportive, understanding and highly skilled at helping me with my business needs.

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