• Agreement format

A friend of mine has a courier agency franchise. I have agreed to run the franchise in his name, but with all expenses and earnings accrued from it to be with me. We have also mutually decided to transfer the franchise at a later date in about three months to me. I would also want to be the authorised signatory for all matters relating to the franchise so that I don't have to go my friend each time I need it. 

I want to make an agreement but don't know how and what should be the format.
Asked 7 years ago in Business Law

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3 Answers

Well,agreements do not have any universal format and it varies with the nature of agreement and the terms of business.

Yours wouldn't also be regular franchisee agreement.

In absence of further details of the business no proper format cna be given to you as sample formats is not applicable.

In this forum you can take help of drafting agreement alos.

So get in touch with us we can make the agreement for you.

All the best.

Devajyoti Barman
Advocate, Kolkata
23187 Answers
510 Consultations

You can engage lawyer to draft agreement on your behalf

2) it should contain clause as to jurisdiction of courts in event of any disputes arise between you and your friend

3) you can incorporate arbitration clause in the contract

4) agreement should be on stamp paper

Ajay Sethi
Advocate, Mumbai
96748 Answers
7804 Consultations

You are right that you have to make an agreement in this regard to run the business smoothly without any legal hassle in the future.

You can enter into an agreement mentioning your terms and conditions and other mutually agreed condition including payments, sharing of common expenses, training and business promotion plans etc in the agreement containing terms and conditions.

You should talk and chalk out all the terms and conditions between you both for running this business properly and legally in all respects.

Then reduce the terms and conditions in writing in the form of business contract or agreement, get it notarised or registered.

T Kalaiselvan
Advocate, Vellore
86950 Answers
2334 Consultations

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