Franchise Agreement Drafting Services in Pakistan

FRANCHISE AGREEMENT

A franchise is a type of license that grants privilege to franchisee to use trademarks, patents, proven business methods, training, assistance and overall business acumen of the franchisor, the franchisee usually pays the franchisor an initial start-up fee and annual licensing fees along with strategic control over the franchise operations.

A franchise agreement is basically a legally binding contract between a franchisor and franchisee. Franchising agreement provides the terms and conditions, limitations, benefits, rights, renewal, termination, cancellation and other details of the franchising relationship between the franchisor and franchisee and is crucial to a long term and mutually beneficial partnership.

There are no specific laws in Pakistan which governs franchising, hence the Franchise Agreement shall be all-encompassing as possible. IBI experts provide comprehensive franchising legal consultancy services to its clients.