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How do you succeed in a franchise business? There is no short-cut to success in any business. However, you can taste success in your franchise business if you ensure that your spadework is done diligently and meticulously. You can a
What is the advantage of a franchise business over other businesses?
Well, if you have opted for a franchise business, you may have a reason for doing so. I can spell out a number of powerful incentives that may motivate you as a prospective franchisee to take up this business. Out of the many advantages, some are:
On what legal parameters is a `franchise agreement` drafted?
A franchise agreement is essentially the very basis of defining the franchise relationship between the franchisor and the franchisee. The legal agreement which governs the relationship is termed as a franchise agreement. In the absence of any well-defined specific legislative enactment or rules governing franchising in India, it is of paramount importance that the franchise is structured in such a manner, that it fits around the rules and regulations that best protect the interest, rights and obligations of the parties to the agreement. Prior to entering into a customised franchise agreement, one needs to ensure that the agreement aims at the following:
What are the typical clauses that govern a `franchisor`s obligations`?
The typical clauses which govern a franchisor`s obligations are: