What is a franchise agreement?

Posted on: 16/01/2014

What is a franchise agreement?

The franchise agreement is an extremely important document when you franchise your business. There are many good franchise lawyers out there but remember what you goals are for your franchisee’s and your business, not just now but in the future as a franchise is a long term commitment.

The mistake many new franchisors make is to assume a franchise lawyer will be able to have a chat, read a few emails and then interpret your long term business goals and how your business works which of course they will not.

A franchise lawyer may well not be an entrepreneur and will certainly not know anything about your business so it is your responsibility to look at your business goal objectives in the context of the franchise agreement and ensure your business interests are protected.

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