Although there are different types of franchising arrangements, franchising generally involves the granting of a license by the franchisor to the franchisee to allow the franchisee to trade under the brand of the franchisor. Typically, the franchisee must follow business methods and practices set out in a manual provided by the franchisor. The Franchisor will usually provide assistance to the franchisee, but will also seek to exercise a high level of control over the franchisee in order to protect the reputation of the franchise brand.
Franchise agreements are often lengthy and detailed and, in the case of an established franchise at least, there will usually be only limited or no scope for negotiation of the terms. Franchises may represent a commercial opportunity, but the terms of a franchise agreement are often very onerous for a franchisee and it is very important for the franchisee to understand their obligations under the agreement.
Our commercial law team has substantial experience of drafting and advising on franchise agreements including in the fast food, leisure, vehicle rental and retail sectors.
If you are considering entering into a franchise agreement or granting a franchise, please speak to one of our commercial lawyers on 08081668827.
Disclaimer:
Information on this website is provided for general information purposes only. It is not intended to constitute and should not be relied upon as legal advice. There are a number of factors and circumstances which may be relevant to legal advice. The law may also have changed before we are able to update the information on this website. If legal advice is required, please contact us on 08081668827.
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