Franchisors | Franchise & Master Franchise Agreements
A well prepared franchise agreement or master agreement will attract franchisees to your business. It will also contain the right balance between the rights and responsibilities of franchisor and franchisee so that relationships do not become strained. Unhappy franchisees will voice their concerns to others, making it difficult to attract new franchisees or for disgruntled ones to leave and sell on. If your business is well run and meets certain ethical standards you may wish in time to join the British Franchise Association. Your franchise agreement will be subject to the BFA's scrutiny. Membership will be likely to enhance the reputation of your business and also attract further franchisees.
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