You can download Franchise Contract Template from here free. Under a franchise contract the franchisee buys a total turnkey system of brand, know-how, training, methodology and support of an existing business model from the franchisor. The person who buys a license to replicate a business system is known as a franchiser or as a franchise owner. A franchisor is a company that offers to replicate its business model or product.
The total package of franchise rights, including branding, know-how, systems, territory, etc are known as franchise package which for an initial charge is provided by the franchisor to the franchisee. The franchisee has to pay Management Service Fee to the franchisor which is the revenue for him for letting use of his products or brands. The franchise agreement would be signed for a particular period from 5 to 10 years or similar periods during which the franchisee is allowed to use the franchise package of the franchisor. Upon the expiry of contract it can be renewed if both the parties are interested contrary to which the franchisor will buy back the franchise from the franchisee. The different types of franchises are Area Development franchise, Job franchise, Joint venture franchise, Management franchise, Master franchise and Resale. We hope that this Franchise Contract Template will be useful for you.
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