What Franchise Agreement Related Services do we provide?
- Advising on concept and structure
- Drafting Franchise Agreement and Franchise Packs
- Onboarding Franchisees
- Sales and Purchases of Franchise businesses
Call 0330 912 8338 to have a no-obligation chat with our expert Commercial Contracts Team. They’ll be happy to talk through the process with you, explain what we do, and answer any questions you have.
Alternatively, you can email us with your query and we’ll help in any way we can.
Why Choose Atkins Dellow as your Commercial Contract Solicitors?
We’ll go the extra mile to offer you hassle-free legal advice.
Your first consultation is always on us. No obligation, just get in touch.
No Legal Jargon
No jargon. We speak in plain English just like you.
Consultations via video call, at our offices or by visit to your home or business.
Franchise Agreement FAQs
What are Franchise Agreements?
Why are Franchise Agreements Important?
Franchise Agreements are important because:
● They are a huge part of how a franchise business works,
● The agreement that is made is a long standing one that can be difficult to get out of,
● The terms of the agreement will have a huge effect on how much money each party will make as a result of the Franchise Agreement,
● They usually involve a substantial financial commitment.
What are the benefits of Franchise Agreements?
From the franchisor’s perspective, the usual deal is – they are paid a joining fee and an agreed amount of the profits or turnover of the business for the franchisee to use the brand and business model. This helps the franchisor have a relatively risk-free expansion to their operations and further the reach of their brand image.
From the franchisee’s perspective, the usual deal is – they will get access to the franchisors tried and tested brand, business model and their current promotions. Product supply, training, marketing and merchandising may also be part of the package. This gives them an opportunity to capitalise on the success of a larger business that wants to branch out.
Can I terminate a Franchise Agreement?
Usually, there won’t be an option to terminate your Franchise Agreement before the terms around the duration of the agreement that you signed have come to an end. However, some franchisors may offer their franchisee a way to terminate their agreement and or the ability to sell the franchise on to someone else. These provisions will most likely revolve around specific conditions and financial requirements.
Franchise Agreement vs Joint Venture
The main difference between a Franchise Agreement and a Joint Venture is that as a franchisee, your business is subject to the controls of a bigger business which will make decisions on the direction and operations of their business which you will have to comply with. Whereas, if your business is a Joint Venture then you will be a partner in the business, often on equal terms, and will have a say in these decisions.
SHAREFor more information on how we can support you in the recovery of a trade debt contact our company commercial Law team today on 01284 767766.Most, if not all, businesses will need to pursue an unpaid invoice at some time. This checklist...
SHARECompany formation or company registration is the process of incorporating your new company with Companies House. Completing this process means your business becomes an independent legal entity. This means the company will be seen as separate...
SHARELegal issues to consider This checklist sets out the legal issues to consider when selling a business. You should always take legal advice at the start of any sale. If you would like further advice on selling a business and the process or...