How to Fill the Franchise Agreement Form
September 18, 2010 by FranZoom
Filed under Franchise 101
Franchise agreement form varies from country to country and different states have their own version of it. However these variations are only limited to the format of the form and the contents are almost identical in them. There are certain attributes that remain same in all the forms. It is not necessary in today’s competitive world to spend hundreds of dollars on some lawyer to take care of your franchise agreement form. You can fill this form on your own without spending too much money through easily available manuals that are designed to instruct franchisors in these matters.
- As a franchisee you should know that franchise agreement form is the place where you have to write franchise fee and other related expenses. All the bargaining should be done prior to this stage. The franchisee can determine the costs based on the well known factors. These factors are clearly mentioned in the Franchise Operations Manual. Through this manual you can easily estimate the initial costs with simple techniques.
- The franchisor is liable to write all the details of the service that he/she is bound to provide. Remember franchise agreement form is a legal documents and the state is legally responsible to enforce anything declared in this document.
- How the franchisee is liable to promote the brand is mentioned in this form. This promotion is usually done through advertisements and both parties must agree on the amount of advertisement in this document.
- A segment of the franchise agreement form is responsible for the site location. Parties must have to agree on who is responsible for the site selection in this form.
- One way to pay full attention towards this form is to prepare all the associated documents quickly. You can concentrate on the contents of franchise agreement form after filling the Franchise Disclosure Document (FDD) Template. This template quickens the overall process of franchising for very cheap rates.