For European Franchisees Understanding What Are The Things That You Should Incorporate with
For every franchisee, the franchise agreement is the guidebook that will help them to understand all the rules, regulations, clauses, strategy and guidelines so that they can follow it properly to carry forward the brand name and avoid dispute. The European Franchisees own the right to run the business under the same brand name for a particular territory. They have to develop and control all the activities that support the business. However, the main part of the franchise system is the agreement and as the franchisee you have to take care of the aspects that will be included in it. Introduction: It is the preamble of the agreement that defines the key elements along with a description of parties, the present franchise system, and its history, ownership, transmitted documents, the mutual objective for the European Franchisees . Granted Rights: Here the description of how the franchisor grants the right to use the license of brand name and intellectual property. Territory: In