The most daunting part of operating in any foreign country is to ensure that you do not step on the wrong side of the law. The definition of international franchise agreement grants uses of intellectual property/know-how based in another country in exchange for direct or indirect compensation. While you could be from a country that operates franchising in one particular manner. There could be compliances in other countries which could vary. Over the years, we have helped our clients to create one standard international franchise agreement template. Which we generally insist to follow to the core. The additional changes are made according to local laws and regulations.
The development schedules are laid out correctly. We are always in a position to enforce the legalities if required. Trademarks and Intellectual properties also need to be secured. The assistance is provided to clients. Standard processes, financials, operations, marketing, and all other functions are understood thoroughly. This helps in building an international master franchise agreement overseas. We recommend the best practices to clients in every area. At a later stage, the draft master franchise agreement format is designed. This is in prospect to who qualifies for the franchise.
Generally, the master franchise scares from the international drafts. We ensure the balance between both sides. The agreements are drafted in a manner, the brand and franchisors are not compromised at any point of time. At the same time, the franchisee is at ease as they do not have to worry about unnecessary complications that do not arise out of their functions. This balance creates a harmonious relationship which in turn motivates the party to be in a good relationship in the long-term.
The creation of a proper international franchise agreement is the foundation for the global aspirations and the growth of any brand that is looking at operating across various geographies.