DRAFTING DEBIT NOTE
INTRODUCTION
The drafting of contracts and agreements is a very important task and when it comes to drafting of exclusive franchise agreement then one should be more diligent. Our franchise lawyers drafts franchise agreement in such a manner that it provides future protection to our clients.
What is Exclusive Franchise Agreement?
The roles of these agreements is to assign Intellectual Property Rights registered on the name of Franchisor (Brand) to any third party known as Franchisee Holder in lieu of Royalty. These agreements provide rights to the other party to operate, sell, distribute good and services in the name of registered Brands.
What is the need for drafting of Franchise Agreements?
As we all know agreement and contracts are executed to assign the rights and obligations of one party to another. The need for drafting a good franchise agreement is that all the rights relating to operation and use of Trade Name not limited to Trademarks and Patents shall be done within a prescribed limits and the other party which also known as Franchisee holder shall not misuse the rights granted to him.
Whether payment terms are included into an Exclusive Franchise Agreement?
Our Franchise Lawyers in this regard states as follows:
The payment terms or Payment plan is one of the integral part of Exclusive Franchise Agreement as it describes the mode and manner of payment which has to be made by the Franchisee holder. In most of the cases it depends upon the contracting parties to decide the manner payments but for generally such payments are based either one-time basis or annually.
What is the main purpose of Franchise Agreements?
Our Franchise Lawyers states that the main purpose of executing Exclusive Franchise Agreement is to protect the Intellectual Property Rights of the Franchisor (Brand) so that no such violation can be committed by the Franchise Holder.
What can be the consequence of ill drafted Exclusive Franchise Agreement?
Drafting plays an important role when it comes to the protection of the rights if any party as a well drafted Exclusive Franchise Agreement will cover all the possibilities of risk and duties which can protect the rights of the Franchisor(Brand). Therefore, there is no hurdle in saying that an Ill drafted franchise agreement may cause permanent loss to the Intellectual Rights of the Franchisor and may lead to litigations.
WHY TO CHOOSE US?
Nour Attorneys Law Firm consists team of highly qualified Franchise Lawyers which are capable enough to protect the rights of the Franchisor and Franchisee Holder in an effectively manner. The skills of our lawyers are in drafting and reviewing Franchise Agreements provides future protections to our client without leaving any loophole or lacunas.
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