Whether you are looking to buy a franchise or you are looking to franchise your own business, Hybrid can be right on hand to help. A franchise allows the purchaser to use your brand name, products and your goodwill in order to set up their own business, which you, in turn, can also benefit from.
Since you are providing the heart of your business to another individual, the agreement in place to govern this relationship must be detailed and comprehensive.
The agreement will need to cover things such as what specific rights are being granted, if the franchise is exclusive to the franchisee, what territory they may operate in, the length of the agreement, and what fees and royalty will be paid.
With so many important aspects to consider, it is crucial that the franchise agreement is reflective of the terms you have agreed, but also that it is protective of you.
Our Hybrid experts have the knowledge to give you the advice you need, and to produce you with a high-level agreement.
We know exactly what you are thinking.
- Solicitors do not understand our business
- We agreed on a handshake, we do not need anything further
- It is too complicated
- I do not have time for complex lengthy paperwork
- The stress will outweigh the benefits
How can a Franchise Agreement help you?
- We’ll keep the language simple but appropriate for how you plan to franchise. We’ll make sure the tone of voice, content and format all match the way you will work with the franchisee/franchisor.
- Doing business on a handshake without a contract is as good as crossing your fingers. Sometimes it works, sometimes it doesn’t. But when it doesn’t, you’ll wish you had a contract.
- The agreement needs to be carefully considered as it will not only dictate how the business will work under a franchise, but it’ll manage the expectations of the parties, the scope of support, the liability, the payment and much more. Utilising templates in these instances is very rarely suitable for the desired outcome.
We make the process simple
With a straightforward plan and clear communications.
Understanding your business
When deciding on how your franchise agreement should look, it is important that we understand your business and your objectives. We take the time to learn about you so that the agreement we produce truly reflects the heart of your business.
Tailor made proposal
We will produce a tailor-made proposal that clearly outlines what Hybrid Legal can do for you, and the fixed fee we would charge.
Once instructed, we begin the hard work of producing a first draft of the agreement. We work to ensure the agreement reflects the needs of your business while providing you with as must protection as possible.
We will always ask you to review the document; we do this so you can ask us any questions or raise any practical concerns you identify. We can make all the necessary alterations that you or the other side request.
Once all parties are happy with the document, we will ensure that a final branded copy is produced ready for both parties to sign.
If you have any questions after the process is complete, we will always be on hand to answer your queries and assist you should you require any further assistance.
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Do we sound like the sort of people you’d like to have on your side?