Do you need help with a franchise agreement?
Franchising allows a company with a well-known brand or business model to license its brand and business model, intellectual properties (such as logos, trademarks, and patents), and corporate goodwill to another company or individual. The franchise model allows a business to benefit from goodwill that has already been generated.
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Franchise agreements are often complex documents which set out the rights granted to the new franchise owner whilst also seeking to protect the integrity of the brand owner. There will likely be restrictions on where the business can operate and can set out how much of the income generated has to be shared with the franchise owner.
There is not always a lot of room for negotiation in franchise agreements but it is essential for a new franchise owner to understand exactly what they can and cannot do and what rights the franchise owner may have to interfere with your business.
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