What is the franchise agreement?

 

A: When starting a franchise in New York, the franchise agreement is what legally binds the franchisor and franchisee. This agreement, which is drawn up by the franchisor, explains the terms of the business relationship between the two parties. This agreement can be put together with the professional help of a New York franchise attorney.

The franchise agreement includes information such as

  • an explanation of the terms that the franchisee must meet;
  • an operations manual, which details the guidelines that the franchisee must follow;
  • proprietary statements, which explain how the franchise name is to be used, and the marketing procedures which the franchisee is expected to follow; and
  • the rules for ongoing site maintenance of the franchise location. 


If the franchisor chooses to do so, they may make amendments to the franchise agreement, but they must notify the franchisee of changes that are made. The franchisee must not disclose the information contained in the agreement.

When signing the franchise agreement, it is a good idea to have it reviewed by a New York franchise attorney. A New York franchise attorney can explain the terms of the relationship. If there is a disagreement between the parties, an attorney may negotiate a reconciliation.

Contacting a New York Franchise Attorney

If you are an entrepreneur who is interested in franchising your business there is a lot you need to know, including the significance of evaluating your trademark and how to approach the preparation of your FDD. For a limited time, get New York franchise attorney Charles N. Internicola, Esq's franchise law report to determine whether or not your business is right for franchising. Contact us today at 1-800-976-4904 for more information about Mr. Internicola's franchise law services in New York and how he assists entrepreneurs franchise their business nationwide.




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