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5. Establish a franchise agreement.
You must have a solid contract with the franchising business in addition to the licensing. A crucial legal arrangement between the franchisor and the franchisee is the franchise agreement. The agreement provides all of the details, guidelines, and norms pertaining to the two parties. This agreement may include the following information:
The terms of the agreement, including obligations and demands.
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Franchise costs.
Timeframe of the contract.
Quality control and instruction.
Choosing the site.
Conflict resolution.
Liability restraint.
Profit percentage.
Advertising.
Rights to intellectual property.
The franchise agreement should ideally be drafted with the assistance of a lawyer. To confirm you are beginning the franchise in the United Arab Emirates, both parties must disclose their agreement and sign the contract before a Dubai court or an Emirates court.
Keep in mind that the franchise agreement is a legal contract that must be followed by all parties. As a result, make sure the agreement accurately outlines all the pertinent business facts.