Franchise Agreement

(3 customer reviews)

Franchise Agreement

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₹6,500.00

Product price: ₹6,500.00
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Franchise Agreement

(3 customer reviews)

What constitutes a Franchise Agreement?

A Franchise Agreement in India is a contractual arrangement wherein a business (Franchisor) agrees to authorize the use of its business name, processes, or products to an individual or entity (the franchisee). This agreement establishes the terms between both parties, defining:

  1. Compensation for the franchisee, typically in the form of royalties, for the use of the business trademark and related assets.
  2. Conditions governing the use of the brand name.
  3. Provisions regarding disciplinary actions, ranging from financial penalties and allowances to the termination of the franchise agreement.

 

Components of a Franchise Agreement

The Franchise Agreement encompasses:

  1. The operational dynamics between the Franchisor and the Franchisee.
  2. Rights and restrictions on the use of the Franchisor’s brand name and trademark.
  3. Designation of the Territory.
  4. Definition of the Royalty payment structure and frequency of payment.
  5. Specification of Upfront fees payable to the Franchisor.
  6. Stipulation of the Agreement’s validity.
  7. Provision of Training and Operational support by the Franchisor.
  8. Outline of the Operational Procedures and Reporting format.
  9. Mechanisms for Termination and Dispute resolution.

 

Legal Framework for Franchise Business Arrangements in India

Laws Governing Various Aspects of Franchising in India:

  1. The Indian Contract Act, 1872.
  2. The Competition Act, 2002
  3. Income Tax Act, 1961
  4. Consumer Protection Act, 2019.
  5. Arbitration and Conciliation Act, 1996
  6. The Foreign Exchange Management Act, 1999
  7. The Trademarks Act, 1999
  8. Patent Act, 1970
  9. Design Act, 2000
  10. Copyright Act of 1957

MyLawPoint for property document verification was 100% worth it. Initially, I hired a lawyer for bank loan document processing but was disappointed with their professionalism. MyLawPoint connected me with an expert advocate who articulated all possible pitfalls in purchasing the property (DC Survey 66/1 Chikkanagamangala) from Reliaable Developer. Their detailed legal report helped me avoid a potential loss of 80 lakhs. I'm grateful for MyLawPoint's excellent coordination and swift document collection. Thank you to their team for saving me from a risky investment.

Govind

I purchased a flat in Hyderabad, but the builder delayed possession beyond the committed date. This caused significant financial strain as I was paying high EMIs and rent, leaving me with no money at month-end. Feeling stressed and helpless, I discovered MyLawPoint. Their Property Expert Lawyer suggested sending a legal notice to the builder and appealing to RERA for the delayed possession. Thanks to their guidance, I received compensation from the builder for the delay and finally gained possession of my flat. MyLawPoint's support was invaluable in resolving this effectively.

Malani

I had an exceptional experience with MyLawPoint. Their support throughout the entire process, from Property Paper Verification to the Sale Deed Registration, was truly comprehensive and invaluable. The level of service they provided exceeded my expectations, and I am highly satisfied with the outcome. Their dedication to keeping me informed with timely updates at every step of the way further showcased their professionalism and commitment to client satisfaction. I wholeheartedly recommend MyLawPoint to anyone in need of legal support for their property transactions.

Gerald Gilbert

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Frequently Asked Question

Is Stamp Duty included in MyLawPoint's fee?

No, stamp duty is not included in MyLawPoint's fee. It should be paid separately, and our lawyers will assist you in procuring it.

How long does it take to register the property?

The time taken for property registration varies based on the sub-registrar office and property registration flow. Typically, after document submission to MyLawPoint, expect 3-7 days for lawyer-assisted property appointments with the local sub-registrar office.

Do I need to be present at the Sub Registrar Office?

Yes, while MyLawPoint handles appointments and formalities, your presence at the sub registrar’s office is required on the day of registration appointment.

Can an Agreement to Sell be cancelled?

Yes, an Agreement to Sell can be cancelled through mutual consent or if a condition in the contract permits cancellation. However, penalties or consequences may be specified in the agreement for cancellation.

Franchise Agreement

On Sale
(3 customer reviews)

What constitutes a Franchise Agreement?

A Franchise Agreement in India is a contractual arrangement wherein a business (Franchisor) agrees to authorize the use of its business name, processes, or products to an individual or entity (the franchisee). This agreement establishes the terms between both parties, defining:

  1. Compensation for the franchisee, typically in the form of royalties, for the use of the business trademark and related assets.
  2. Conditions governing the use of the brand name.
  3. Provisions regarding disciplinary actions, ranging from financial penalties and allowances to the termination of the franchise agreement.

 

Components of a Franchise Agreement

The Franchise Agreement encompasses:

  1. The operational dynamics between the Franchisor and the Franchisee.
  2. Rights and restrictions on the use of the Franchisor’s brand name and trademark.
  3. Designation of the Territory.
  4. Definition of the Royalty payment structure and frequency of payment.
  5. Specification of Upfront fees payable to the Franchisor.
  6. Stipulation of the Agreement’s validity.
  7. Provision of Training and Operational support by the Franchisor.
  8. Outline of the Operational Procedures and Reporting format.
  9. Mechanisms for Termination and Dispute resolution.

 

Legal Framework for Franchise Business Arrangements in India

Laws Governing Various Aspects of Franchising in India:

  1. The Indian Contract Act, 1872.
  2. The Competition Act, 2002
  3. Income Tax Act, 1961
  4. Consumer Protection Act, 2019.
  5. Arbitration and Conciliation Act, 1996
  6. The Foreign Exchange Management Act, 1999
  7. The Trademarks Act, 1999
  8. Patent Act, 1970
  9. Design Act, 2000
  10. Copyright Act of 1957

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₹6,500.00

Product price: ₹6,500.00
Total options:
Order total: