A Franchise Agreement is a legal document made to lend a business, its activities and Intellectual Property Rights to another business entity. The franchise agreement is made between the franchisor i.e. the owner of the business and the franchisee i.e. the entity to whom the business is franchised.
A franchise agreement lays down the terms and conditions relating to the use of franchisor’s IPR, use of brand name, fees, penalties, royalty, standards of operation and the quality of product to be maintained and other legal provisions.
Legistify's legal experts understand the legal requirements of the business and our lawyer prepares a draft of Franchise Agreement on the basis of information provided. Once the first draft agreement is prepared, the lawyer sends it back for approval. After the approval, the document is ready to be signed by the parties.