Points to pay attention to in a franchise agreement

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It is also worth considering that opening one establishment, starting from finding a location and ending with training and setting up all work processes, takes from several months to six months, so if the franchisor opens 100 points a year, this raises questions about whether the team has time to train everyone and properly control the processes.

Additionally, you can check information about the franchise bosnia and herzegovina whatsapp number data in open sources: in the federal tax service, in the database of decisions of arbitration courts, look at disputes with counterparties, study the federal register of bankruptcy information, and so on.

Having become familiar with the company and its “insides”, you can move on to studying and discussing the contract.

Read on the topic: What to do at the start to build a successful franchise

In Russia, business is still often built on verbal agreements; it is not customary for us to discuss and fix in the contract all the nuances and situations that may arise; this culture is only developing. However, it is a detailed contract that will guarantee comfortable and productive cooperation for both the franchisee and the franchisor.

Intellectual property
This includes everything that the franchise buyer receives from the franchisor and to which he must have access: software, knowledge base, recipes, know-how, etc.