Franchise Agreements

Franchising occurs when an established business provides know-how, intellectual property rights, a business model, and training to a person or company who is in a position to run a business and incur the capital costs and business expenses associated with a business.

Care is needed when drafting the Franchise Agreement as both the Franchisor (the person who owns the Franchise) and the Franchisee (the person willing to operate the business and incur the costs) will require legal protection and safeguards to be in place from the outset.