Restaurant Franchise
I have my Restaurant since 5 years, someone want to take franchise of my restaurant, what terms should be added in agreement?
Hello sir,
Yes you can expand your buisness by the means of franchise, but for that you need proper agreement to be drafted along with all the bullet terms and key points which you need to mention in that particular agreement.
There are certain terms you should keep while dealing with terms:-
Franchise Fees (Prepaid and Continuing)
Contract Renewal Terms
Termination and Post-Termination Terms
Franchise Transfer Rules to Third Parties
Franchise Opening Schedule
Minimum Sales Requirements
Franchise Territory Protection
Equipment, Supply and Inventory Specifications
Noncompete Agreements
Dispute Resolution Methods (Mediation, Arbitration)
for further more query related to franchise do call on our helpline number, where you will be guided by the experts.
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