A common franchise agreement will allow a franchisee permission to use the business model, trade names and other intellectual property and reputation of the franchisor's business in return for a specified payment.
As it is the reputation and success of a proven business model that is key to the relationship, the franchisor will usually be granted a degree of control over the running of the franchisee's business to ensure that it is obliging by the business model and not continuing in a way that may harm the reputation of the business. In return, the franchisor will often have duties to assist the franchisee in running the business.
Other clauses should deal with employees, the licensing of intellectual property, which assets belong to the franchisee or franchisor and the confidentiality of the trade secrets of the franchisor.
The franchise agreement should also cover the procedure should a franchisee wish to stop being a franchisee, for instance, whether the business can be sold as part of the franchise and whether the franchisee can operate a competing business elsewhere.
02 Oct 2018
Organisations who handle personal data in the course of their business have been handed a wake-up call by the…
I can honestly say I am extremely impressed with everything Forbes have done
Unique Ladies Network
Your quality of work, attention to detail, communication and general all round enthusiasm has been greatly appreciated as I have often become quite overwhelmed when reviewing them myself.
Ecompli (UK) Ltd
Very thorough and precise with each contract and have made it very easy for us to feel very confident going into new territories, whether it being a different country or a different manufacturer.
Have dealt with several staff at Forbes. Always very clear, professional and approachable. Happy to recommend them and will use again.
John brings a high level of expertise which we're sure will benefit our members.
NWL Chamber of Commerce
Forbes Solicitors have acted on behalf of WEC Group Limited for many years providing advice on a range of matters including Corporate & Restructuring and Commercial Property.
WEC Group Limited
John provides practical and concise advice and support in a professional and timely manner.
Thanks John, your services have been impeccable and as such I will have no hesitation to recommend both your services and those of Forbes Solicitors.
GM Bespoke Events