Got a business in Forbes and thinking of franchising? Franchising can be a very profitable way of growing your business, or becoming a business owner without having to start one from scratch. If you’re a prospective franchisor or franchisee, the main thing you should be thinking about is the Franchise Agreement. The Franchise Agreement is a legally binding contract that governs the relationship between franchisee and franchisor.
LegalVision is an online law firm with a team of franchise specialists who can work with you online or over the phone to draft or review your Franchise Agreement in Forbes for a one-time, upfront fixed-fee. Your Franchise Agreement must be drafted by an experienced professional; you cannot find templates or standard form Franchise Agreements online because the complex details of each individual franchise cannot be replicated for another franchise. Luckily, LegalVision’s franchise specialists have years of experience drafting and reviewing Franchise Agreement for businesses and business owners of all shapes and sizes.
For a Franchise Agreement draft or review in Forbes, call LegalVision on 1300 544 755. Or, leave your details in the online contact form on this page and we’ll be in touch as soon as we can!
Both franchisees and franchisors are legally required to obtain their own legal advice when creating the Franchise Agreement to ensure that the terms do not significantly advantage either party. The key terms in a Franchise Agreement will cover everything relating to the franchise system including duration of the agreement, use of Intellectual property and advertising, training and marketing strategies, franchise fees and royalties, and a renewal or termination clause.
Franchising is a big commitment, so whether you’re a franchisor or a franchisee, it’s in your best interests to have a Franchising Agreement properly drafted or reviewed by an experienced franchise specialist. LegalVision can help you save money and time on getting your Franchise Agreement sorted in Forbes, just get in touch today!