The franchise agreement format is a necessary step toward selling a franchise to a new partner so make it a useful tool as well.

You are required to send a franchise agreement format to any new franchise owner within a week of closing that big deal and sealing another great franchise purchase for your company. So since franchise law is not going to budge on insisting that you provide a franchise agreement format to your future franchise owners, it makes sense to put some thought and TLC into it so it really does help the process along.

For one thing, in the same way that you are not allowed to skip out on sending that franchise agreement format as part of the process of preparing for the final signing of the franchise agreement,  the future franchise owner will be expected to know every paragraph and line of what is in there.  So you can put the guns of the law to good use by using the franchise agreement format as a way to force feed some serious franchise training into the process.

There are a number of franchise documents that must be passed along to the future franchise owner and each of them is valuable even if they are a bother for you to create and for the franchise applicants to have to digest.  By the time you put the stamps on the franchise agreement format to send it along the future franchise owner, that poor soul already has had some time to go over the franchise disclosure document that is a virtual encyclopedia of information about your company and what will happen when the franchise process goes full steam ahead.

That disclosure documents can get very large and involved so the franchise hopeful has to do some serious homework to understand that huge document.  So when they get the much more manageable franchise agreement format, they will have already paid their dues. So you know you have a potential franchise owner who is willing to put in the hours to make this business relationship work.

Using the franchise agreement format to create smart franchise owners.

When that final moment comes that you sell a franchise to a new member of your franchise community, it is a big deal.  It is not all about just collecting that fat paycheck when the new franchise owner ponys up his or her franchise fees.  It is about growing your business and making that work.  You want that new franchise owner to hit it big and for that new outlet of your business to take off like gangbusters.  That can only happen when that new franchise manager knows the score.

Sending the franchise owner a solid franchise agreement format is part of showing him or her the ropes.  By the time the checks are written and that franchise owner must translate all of that giddy enthusiasm into the hard work of creating a world class franchise, there should be no more surprises.  Communication is your magic spell book of turning that franchise owner into the big money maker you want them to be.

The franchise agreement format is just one step of many in the process of creating a seasoned old pro at running a franchise out of a raw recruit.  It is your job to mold that fresh young franchising newbie into a rock solid business man or woman who can handle the challenges and jump over the obstacles like a gazelle to steel that franchise to massive success.

Along with the franchise agreement format, you will support that evolution with a franchise operation manual that will become the bible of what to do in every situation in the life of that business. Armed with these great documents and your phone number to call anytime that franchise owner needs some help, you simply will not let that new franchise fail. That is the stuff success is made of.

When that franchise agreement format shows up just prior to launching you new franchise, it pays to give it some priority attention.

The franchise agreement format that you get from the franchising company may look like a bunch of legal mumbo jumbo at first. But don’t just toss this important document on that stack of mail you never read. It is packed with all kinds of important information. Your ability to complete the review of the franchise agreement format is not optional if you really want this franchise.  It is a must.

When the franchisee sends you the franchise agreement format, that means things are about to get serious.  See it as the last big step before launching your exciting new money making franchise big time. But be prepared to give this legal document some serious quality time. The terms and conditions laid out in the franchise agreement franchise are legally binding on you and on the franchisee. So next to the franchise operations manual to come later, this document is solid gold to you for learning the nitty-gritty about how your franchise partnership will work.

The franchise agreement format is such a big deal that even the politicians got their noses into the act.  The FCC is all about making sure both you and the franchisee play ball according to the rules during the short time window after this document shows up in your mailbox. They are downright stubborn that you must be given at least five days to chew over what you see in the franchise agreement format before signatures are put on the bottom line and you get on to the serious business of buying a franchise.

The franchise agreement format is packed with information you will need.

Be sure you read and understand every single line of the franchise agreement format before you sign it and enter into a legally binding contract.  Like a marriage contract or joining the army, you don’t need to jump into anything until you know exactly what you are getting yourself in for.  There is a ton of great franchise information in that agreement that will let you know exactly where you stand.

The bonanza of information that will come flying out of that franchise agreement format includes the limitations of the territory your franchise can cover and the time limitations of the franchise. Unlike getting married, there are expiration dates on a franchise which can be good for you or for the franchise company because it is a natural way to cut and run if you need to. That is also called a built in exit strategy.

The franchise agreement format will be different for every company but you can expect to see exactly what the franchisees will have to live up to when they are your new partners in your new profit making enterprise. You will also understand without any questions what is expected of you long before you say “I do” to that franchise arrangement. Don’t be afraid to get your own legal eagles involved in interpreting the franchise agreement format. You can bet the franchisee has their legal hounds on the job so you have a right for your crew to do the same for you.