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Following on from Part 1 we are going to discuss understanding section 2, your franchise or license agreement.

Franchise or License Agreement

1. The rights granted to the franchisee. The franchisee will be given the right as it applies to particular circumstances. As a franchisee there are certain rights that are extended to you.

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•Use of the franchisor s copyright materials.

•Use of recipes, formulae, specifications and processes and methods of manufacture developed by the franchisor.

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•Guidelines established by the franchisor regarding exclusive territorial rights.

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•To carry on the business franchised and no other business upon the approved and nominated premises.

•To observe certain minimum operating hours.

•To pay a franchise fee.

•To follow the accounting system laid down by the franchisor.

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•Not to assign the franchise contract without the franchisor s consent.

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In view of the close working relationship that must exist between the franchisee and franchisor all provisions must be stated clearly in the contract. In this transaction, no small print should exist. Make sure, if [url=http://www.orlando-apts.com/nfljerseys/]cheap nike nfl jerseys[/url] possible, the franchise contract contains provisions that are favorable for both you and the franchisor.
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