A distributor is an entity that buys noncompeting products or product lines, warehouses them, and resells them to retailers or direct to the end users or customers. Most distributors provide strong manpower and cash support to the supplier or manufacturer's promotional efforts. They usually also provide a range of services (such as product information, estimates, technical support, after-sales services, credit) to their customers.
A manufacturer is an entity that makes a good through a process involving raw materials, components, or assemblies, usually on a large scale with different operations divided among different workers. Commonly used interchangeably with producer.
Documents Required For Franchise Agreement In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-0012BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
The primary franchising documents needed to create a franchise relationship and franchise your business include: Franchise disclosure document. Franchise agreement. Operations manual.
Issues typically addressed in a franchise agreement include: Initial and ongoing franchise fees. Timelines for opening the franchise for business. Franchise territory protections (if applicable) Specifications for equipment, supplies, and inventory. The term of the agreement and conditions for its renewal.
The primary franchising documents needed to create a franchise relationship and franchise your business include: Franchise disclosure document. Franchise agreement. Operations manual.
A disclosure document - tells the franchisee important information about the franchisor and franchised business.
The Franchise Disclosure Document (FDD) is a legal document that the Federal Trade Commission (FTC) requires franchisors to provide to prospective franchisees before selling a franchise.
The FDD receipt page is signed by the franchise prospect to acknowledge the date the document was received, but it does not create a legal obligation. The FA is a binding legal contract that is signed by both the franchisor and franchisee.
Some of the key items included in an FDD are the franchisor's background and experience, fees and expenses associated with owning a franchise, initial and ongoing training and support, territory restrictions, advertising requirements, and any litigation or bankruptcy history.
Approval usually requires a good credit rating and a detailed business plan. Because the federal government backs a portion of SBA loans, they generally have more favorable interest rates and repayment terms than commercial banks loans.
How to create a franchise agreement The names of the parties: List out the full legal names of the parties to the franchise agreement. Use of IP: Establish your ownership of the brand IP and list out all of the IP you're granting to the franchisee, such as manuals, trademarks, patents, and trade secrets.
More info
The franchise agreement is the legal agreement executed between the franchisor and franchisee that creates the legal foundation for the franchise relationship. Franchises require an initial investment, ongoing fees, and working capital.So, you have your Franchise Disclosure Documents ("FDD") and other related agreements in order and ready to start selling your newly created franchise system. Any prospective franchisee should first get to know the Franchisor and its officers. The two primary documents you'll create are the Franchise Agreement and the Franchise Disclosure Document (FDD). The Franchise Agreement. Initially drafting a compliant Franchise Disclosure Document ("FDD") is a timeintensive process. Item 12 and the "territory" provisions in the franchise agreement describe whether the franchisor and other franchisees can compete with you. This Disclosure Document summarizes certain provisions of your license agreement and other information in plain English. Show your contract and this disclosure document to an advisor, like a lawyer or an accountant.