“What are the contracts that must be owned to have a franchise business?”
Contracts with Partners
Failure to negotiate terms and conditions with business partners regarding the funds provided can lead to the taking over or even bankruptcy of your business.
Contract with Franchisees
Failure to determine the distribution and limitation of liability in advance with the franchisee can lead to problems and even sue at a later date.
Contract with Employees
Failure to enforce clear rules of the game in the contract could result in the leakage of your business recipes or trade secrets, even outright hijacking by competitors.
