A Franchise Agreement is a binding contract between a franchisor and franchisee. In India franchise agreements are governed by the Indian Contract Act, Stamp Act and other ancillary legislations like the Companies Act or Partnership Act depending upon the legal structure of parties. A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business’s (the franchiser) proprietary knowledge, processes and trademarks in order to allow the party to sell a product or provide a service under the business’s name. In exchange for gaining the franchise, the franchisee usually pays the franchisor annual or monthly royalty amount. Hereunder you could view a sample franchise agreement and order one for your business needs.
