A franchise agreement in India is a contract whereby a company (the franchisor) agrees to give the company name, business operations or products of the company to a person or entity (the franchisor). The franchise agreement defines the terms between two compatible groups.
n order to draft a sound franchise agreement, the assistance of an attorney is essential. A solid franchise agreement drafted by a franchise attorney can protect the franchisor and franchisee and provide a solid foundation for franchise success.
When it comes to franchising, one of the most important legal documents is the franchise agreement. This document legally defines the relationship between franchisor and franchisee. Without it, many threats, mistakes and business violations could be committed by everyone involved, whether intentional or not.
