A perfect franchise agreement draft is one of the most critical elements of a successful franchise system. You know your business very well, you assume that you pretty much know how it is going to be franchised and are now looking at several franchise contracts india offers through a known lawyer who is a friend or a relative or is recommended by a know source. It is a complex search, since most most qualified lawyers are not able to create the right franchise agreements as they have not gone through franchise specific cases and on the ground problems businesses face legally. We have helped over 400 clients with various services that cover the entire gamut of franchising their businesses. We have also worked closely with several international brands in helping them create a customized master franchise agreement for India.
Quite often, we come across business owners, who have created a P&L sheet along with a return on investment (ROI) plan for the franchisee and a sample franchise agreement and believe they are franchise ready. Some of them have also gone a few step further and have made a few franchisees and are now working the nuts and bolts of how to get the act right. It must be noted that most businesses fail here, right at the start.
It is very important to create the right franchise strategy first and create that with experts who have practical experience and have gone through this cycle several times. Once the foundation is laid you work on the systems and processes, create franchise manuals and iron out everything that the franchisee would not be able to do or needs to compulsorily finish. You then define clearly your role, responsibility as a franchisor and then go about hiring a franchise lawyer (we have very few specialised law firms or franchise lawyers in India) to create a India franchise agreement template that suits your business. Do not copy your competitor or follow any similar business, as we have seen every business is unique and has to address its own need on a customized basis taking into consideration its own strengths, weaknesses, goals and market strategy, instead of aping any other business format.
It is very essential to have the correct roles and responsibilities defined and ensure that the entire business is well protected. At the same time, we have seen a lot of prohibitive clauses in the franchise agreement that does not go very well with the franchisees. While the franchisor is always concerned of safeguarding the entire business, the franchisee on the other end is very wary of the fact that they might not be well protected. Having interacted with so many franchisees, we always advise the franchisors to ensure that they have an model franchise agreement, which complements their business growth, and help them achieve the expansion they are seeking without compromising on any legal issues. It must be noted that the Indian cultural, geographical and jurisdictional landscape has its own challenges with so many underlying adherences to different taxations and direct obligations to different departments. We ensure that the legal framework of the franchisor is built on a strong foundation, ensuring that the franchise business is insulated and well protected from all legal complications. We also ensure that this just does not include the franchisor, but also the franchisees interest, the employees well being, as everybody within the eco system must be well protected ensuring that franchise business works within the legal framework of the country and makes the most of it.
Do call us on +91 80 41512345 / 41715655 to understand why you need an experienced franchise consulting firm like Sparkleminds to help you create a franchise agreement that works for you and protects you adequately, while ensuring that the franchise marketing & recruitment teams feel that the agreement complements their hard work and helps them sign up franchises easily.