Franchise Agreement

If buying an existing business doesn't sound right for you, must buy a franchise because buying a franchise will help to achieve your dream of business ownership success. A franchise is like an existing business where the Franchise owner operates by selling an established product or service which often has significant brand recognition (think McDonald's or Orange Theory).

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  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

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HOW DOES IT WORK ?

HOW DOES IT WORK ?

Step 1

We collect and verify the supporting documents & forms required for Buying a Franchising

01

Step 2

Our Buying a Franchising experts draft and prepare the required supporting documents

02

Step 3

We take care of your filing or We take care of your Buying a Franchising

03

WHY CHOOSE LEGALO ?

Quick Turnarounds

Have access to a wide range of quality services at reasonable and competitive prices

Value For Money

We understand Time is the most valuable resource and are flexible and responsive to your requirements

Expert Professionals

We cater to a wide range of services across legal, CA, CS and consulting and bring to the table the most relevant and experienced professional to provide the right solution.

Custom Fit Solutions

We provide customized solutions to meet your unique requirements.

FREQUENTLY ASKED QUESTIONS ?

  • Legalo is a platform to help you connect with the best professionals, legal experts & financial experts to deliver efficient and cost-effective solutions to your business and personal needs.
  • We help create business contracts & other documentation such as Memorandum of understanding, Franchise Agreement, Joint Venture Agreement, Hiring Documentation, Employment Contract, Consultancy Agreement, Freelancer Agreement , including serve legal agreement, Vendor agreements & More.
  • A trademark public search is made in the Indian Trademark Registry database. The search determines whether a proposed trademark is available for use in connection with certain goods or services
  • Yes, GST applies to all service providers, traders, and manufacturers. It is applicable to dealers, bloggers and content writers, earnings from Google through PayPal, import-export businesses, all types of startups companies and organizations whether they are LLPs, proprietorships, partnerships, or private limited companies. Legalo provides assistance in GST registration, GST Filing & GST advisory Services.
  • Legalo offers both Labour compliance & Corporate Compliance solutions, Following are the list of labour compliance solutions. a) Provident Fund Registration b) ESI Registration c) Professional tax Registration d) Shops & Establishment LIcense e) Employee Stock option plan
  • We offer solutions right from Franchise documents review to legal/ financial solutions around buying & selling the franchise. Check out the links for more information.
  • Legalo offers the following solutions Shareholders Agreement : A legal document among a company's shareholders that describes how the company should be operated and outlines shareholders' rights and obligations Company registration: Registration of private Limited Company, LLP, Proprietorship etc. Business terms & Conditions: Business terms and conditions set the contract foundation between you and your customer. . Discretionary trust -An arrangement that gives trustees flexibility and control over how best to use the trust assets for the benefit of the beneficiaries Business Taxes: Accounting & Bookkeeping, Payroll, TDS Filing, Income Tax filing etc.
  • Legalo Connect you with the best industry experts to deliver efficient and cost effective, tailor-made solutions. We also understand that time is the most valuable resource and we offer solutions with a very quick turnaround time.
  • Legalo offers a wide range of services from business, Accounting & Tax to Legal Solutions such as business structuring, company registration, Company licensing, intellectual property, trademark, copyrights registration, Patent Filing, GST & TDS registration/ Filing, Accounting Services, Corporate & labour Compliance , Franchising, Business sale & purchase, Personal/Civil/Property / criminal related legal services & more.
  • We help draft the following A ) Terms of service & Privacy Policies B) Disclaimers C) Joint Venture Agreements d) Data Protection Regulation Policies e) Non- Disclosure Agreements.

FREQUENTLY ASKED QUESTIONS ?

faq

LEGAL BITS YOU SHOULD KNOW

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A franchise includes not only a product, a service, and a brand, but also the entire method of running the business itself, such as the marketing plan and operating manuals. In addition to a well-known brand, buying a franchise offers many other benefits that are not available to the entrepreneur starting a business from scratch. However, buying a franchise is not that easy task it involves various steps before buying a franchise.

How to apply?

The following are some steps that are required to be taken into consideration before buying a Franchise.

  1. Research

The very first step and the most important aspect that is required to be taken into consideration is research. The buyer must make a mind in which field he wants to invest and which franchise he wants to buy. Finding the right franchise that suits your budget, qualifications and personal interests is necessary. Then, conduct a self-analysis and determine your skills, resources, and interests. Knowing what you are capable of?financially, skillfully, and professionally?will also help you narrow down your options when finding the right franchise opportunity.

  1. Choosing the Right Franchise

When you are done with research the next initial step is to choose the franchise from the interest an individual has in mind. While the industry you choose should be something you are interested in and would enjoy working in, owning a business is not a hobby. While you should choose the industry you are interested in and would like to work, owning a business is not a hobby. This is an important and sometimes life-changing decision. However, after doing your self-assessment and your initial research, you should narrow down your options to one or two franchises that best suit your preferences and budget. Then evaluate individual franchise companies and select one which you think is the most suitable for you.

  1. Submit Request for Consideration/Application

The next step is to fill out the franchisor's preliminary questionnaires/application forms. The preliminary application helps franchisors screen and eliminate aspiring franchisees that won't be a good fit. By this various companies will match your representatives that enlist your interest and skills, which will help him to select the best franchise that suits you and ready to have a business with you.

  1. Review the Franchise Agreement Carefully

When an application is matched with any interested company then there is some time provided to the buyer to review the documents of the franchise, you will also be provided a 14 day disclosure period. The time provided is for a purpose that the buyer can go throw the documents and legal clauses of the franchise. A franchise agreement cannot be signed within this time. This contract gives you the legal right to own and open a franchise under their rules and regulations.

  1. Take the Necessary Training & Workshops

Once all the documents have been approved and the buyer is satisfied with the documents of the franchise then only one thing is left that is training under the experts of the franchise. Typical training sessions will cover everything you need to know, including the franchise's products and services, the systems you'll be using, and the policies and guidelines you need to put in place. Once you have gone through all the above steps then the final step is to sign the franchise agreement between the parties.

Key Requirements

To be updated in Future

How can Legalo help you?

Our firm will provide you assistance and support in your research process in buying a franchise.

Our partners & associates bring years of experience to the table to help you navigate and deliver these works. Our company can customize a program to meet your specific needs and budget. Contact us here to see how we can help you.

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