Franchising can be an exciting business opportunity that allows entrepreneurs to fast track their entry into new markets rapidly. Our team of specialists can help guide you through this complex process.
If you are considering entering into a Franchise Agreement, as a franchisor or a franchisee, the expert franchise agreement solicitors in our corporate and commercial team can assist you in establishing the venture.
What is a Franchise Agreement?
A Franchise Agreement outlines the rights and obligations between a franchisor and a franchisee. In this essential legal document, the franchisor grants the franchisee the right to operate a business using the franchisor’s proprietary information such as its products, trademarks and services.
The agreement also covers areas such as training and support for the franchisee, proprietary IT systems, marketing collateral and guidelines for operating and management as well as termination and renewal.
In return for using the franchisor’s trading name and business model, the franchisee will usually be required to a royalty or other fees, often dependent on sales. The franchise agreement will probably also grant the franchisee exclusive rights to operate within an agreed geographic area.
How can we help?
Within Ramsdens corporate and commercial team we have the expertise to navigate franchisors through the process of franchising, and provide advice to franchisees on entering into a franchise.
We can:
- review, draft and advise on franchise agreements,
- advise on related data protection issues,
- assist clients in establishing a franchise network, and
- act for franchisees selling their franchise.
With our long track record of advising both franchisors and franchisees, we can help you navigate the legal complexities of franchising.
