Prepare Legal Colorado Franchise Forms For Free

These legal documents, along with the operating manuals, staffing, training programs, and marketing initiatives, are your main investments in the franchise system. The two primary documents you'll create are the Franchise Agreement and the Franchise Disclosure Document (FDD).

Often, franchisors choose the Limited Liability Company structure for their entity. Technically, a franchisor entity can be formed in any state. However, it's wise for franchisors to discuss their options with an attorney and tax professional before deciding.

Drafting Franchise Agreement Costs Drafting a franchise agreement comes with costs because it requires the time of a licensed lawyer to complete the project. ContractsCounsel's marketplace data shows the average franchise agreement drafting costs to be $1,083 across all states and industries.

As you franchise your business you will incur filing fees that are most typically comprised of (a) incorporation fee (typically around $300, depending on the state) paid to the state that you elect to establish your new franchising corporate entity in; (b) USPTO filing fees (typically around $250 per trademark, per ...

Cover the essentials. A franchise agreement should cover all the essential elements of the franchising relationship, such as the grant of the franchise, fees and royalties, training and support, standards and policies, and renewal and termination.

A franchise agreement is required to assume control of a franchise as a franchisee. A franchise agreement safeguards both parties. It protects both you as the franchisee and the franchisor's brand.