Insert Pages To Legal Michigan Franchise Forms For Free

A franchise agreement is a contract under which the franchisor grants the franchisee the right to operate a business, or offer, sell, or distribute goods or services identified or associated with the franchisor's trademark.

The Franchise Agreement This is one of the first documents you will send to a prospective franchisee. A good franchise agreement will be concise, clear, and fair. Issues typically addressed in a franchise agreement include: Initial and ongoing franchise fees.

The information statement is a 5-page guide. It highlights issues to think about before becoming a franchisee. The franchisor must give the statement to anyone interested in buying the franchise, within a specific time period.

Before you invest in any franchise, get a copy of the franchisor's Franchise Disclosure Document (FDD). Under the Franchise Rule enforced by the FTC, you must receive the document at least 14 days before you are asked to sign any contract or pay any money to the franchisor or an affiliate of the franchisor.

What are the Steps to Take to Franchise a Business? Determine if franchising is right for your business. Issue your franchise disclosure document. Prepare your operations manual. Register your trademarks. Establish your franchise company. Register and file your FDD. Create your franchise sales strategy and budget.

The Franchise Rule requires the pre-sale disclosure of material information to prospective franchisees about the franchisor, the franchised business, and the terms and conditions that govern the franchise relationship.