Contracts & Franchise Agreements

Contracts & Franchise Agreements

Overview

In the world of business, contracts serve as the legal lifeline that governs your day-to-day interactions. They outline the terms and conditions of your trade, supplier agreements and sub-contracts. Your contracts and agreements set expectations and most importantly protect your business operations when things don’t go to plan.

We don’t just review contracts; we also specialise in drafting them. We frequently assist our clients by preparing customised agreements. Whether you require a bespoke supplier agreement or a complex joint venture contract, our team can deliver a document that protects your interests and aligns with your business objectives.

Franchise agreements

If you’re considering franchising your business, the franchise agreement is one of the most critical components to get right. Your agreement is a legally binding document that sets forth the terms and conditions under which a franchise will operate.

This means that a robust franchise agreement is not just important, it’s vital. It outlines the relationship between the franchisor (that’s you, the business owner) and the franchisee (the individual or entity buying into your business model).

This contract covers a vast range of aspects related to the operation of the franchise, specifying everything from the initial franchise fee to ongoing costs, training, support, marketing, territory rights, renewal rights, and much more.

Given its importance, your agreement should be comprehensive, fair, and compliant with relevant laws and regulations. Moreover, a well-drafted franchise agreement can help prevent disputes down the line, protect your interests, and contribute to the success of your franchise system.

Remember, a franchise agreement is not a one-size-fits-all document. Each business has unique needs and challenges; the agreement must reflect these factors.

If you require a franchise agreement, or are considering purchasing a franchise and would like an agreement reviewed, reach out to our experienced team.

Business contracts

Every contract carries potential legal obligations and consequences that you must understand fully. At NB Commercial, we provide a range of services related to commercial contracts. We regularly draft and review contracts for our clients, providing relevant, practical advice to ensure you fully understand your obligations, commitments and protections.

The contracts you might need to review or use in your business include:

Shareholder agreements

These contracts outline the rights and responsibilities of shareholders, providing a clear framework for decision-making and dispute resolution.

Joint venture agreements

If you’re considering entering a joint venture, a comprehensive agreement is essential to protect your interests and define the venture’s operational parameters.

Business sale agreements

When selling your business, a well-drafted agreement can ensure a smooth transaction while protecting your interests.

Confidentiality and non-disclosure agreements

These agreements protect your business’s sensitive information, ensuring parties involved in your business dealings maintain confidentiality.

Franchise agreements

If you’re considering franchising your business, a robust franchise agreement is vital to outline the relationship between the franchisor and franchisee.

Loan agreements

Whether you’re borrowing or lending money for business purposes, a clear loan agreement can help prevent misunderstandings and disputes.

Distribution agreements

If you plan to distribute products or services, a distribution agreement can define the terms of this relationship and protect your interests.

License agreements

Under specified conditions, these contracts allow another party to use your intellectual property, such as a patent, trademark, or copyright.

Consultancy and contractor agreements

A comprehensive agreement can clarify expectations and protect both parties if you engage consultants or contractors.

Remember, contracts are more than just paperwork; they’re the legal safeguard for your business. Contracts provide clarity and certainty to conduct your business confidently with the peace of mind that your interests are protected.

Let us handle your contract needs so you can focus on what you do best – running your business. Contact us for a complimentary consultation to find out how we can support your business.

Find out how we can help. Book your complimentary consultation today.