Agreement Template / December 4, 2018 / Hattie Salas
Considered a legally binding contract you will find that when properly filled out this document will leave little for any errors or the type of misunderstandings that can cause what is otherwise a good solid working partnership. As you begin to consider putting together a joint venture you need to sit down together and consider all the different eventualities that can occur. You need to establish your goals and mission statement and put them down in writing. You will also need to list the responsibilities of each of the members of the venture as well so that there can be no mistake in who is responsible for every facet of the day to day operations at the same time should anything go wrong it can help decide on whose shoulders any blame may fall.
While you probably lock your important files away in secure filing cabinet when you are not in your office and have installed security encryption software on your electronic files to keep prying eyes out have you stopped to think about your employees? In order to make sure that they understand the importance of keeping your company information safe you may need to use a non-disclosure agreement template to draw up a document for each employee to sign stating that they will not disclose any information. This type of agreement is put in place to ensure that any information pertaining to your company and your clients will be held in the strictest confidence. It is used particularly where the sharing of information must occur between two companies but not be released to the general public.
Assigning geographical boundaries: A franchise has to have a geographical boundary within which the franchisor should not establish another franchise. This goes in the interest of the franchisee to have that added from a Franchise agreement template in the final contract so that there are no competitors in your territory. Time period of the Agreement: This has to be defined with reference to your investment. With larger investment the time period of the agreement has to be proportionately more. Not settling on a time period could be disastrous. Royalties fee and total anticipated investment: The fee for getting the franchise royalty for using the trademark and brand name and the anticipated investment in the business have to be agreed upon in the agreement.