Franchise Agreement
An agreement wherein the franchisor agrees to lend the trade name or business system to another person or entity (the franchisee).
Description
What are the benefits of a franchise agreement?
Certain benefits of a franchise agreement India are mentioned below-
Defines The Guidelines
A franchise agreement permits the businessman (who is franchising his company) to define guidelines for the maintenance of quality related to different facets of the trade before onboarding the client and binding them in a franchise contract.
Brand Management
With a franchise agreement format in place, the franchisor can set guidelines for how the franchisee adopts the business and branding. Also, the penalties for mismanagement or violation of the business branding are defined in the agreement to protect the brand name at all times.
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