Founder of Singh & Associates – Manoj K Singh Advocates and Solicitors` IP Practice Group manages patent and trademark portfolios for multinational clients in sectors such as telecommunications, pharmaceuticals, FMCG, apparel and media. The full range of services is offered, including criminal prosecution, transfer agreements, due diligence, litigation and licensing. Before a franchisee signs a contract, the U.S. Federal Trade Commission regulates the disclosure of information under the authority of the franchise.  The franchise rule requires that a franchisor be made available to a franchisee at least fourteen days before the signing of a franchise agreement (FDD) (at the origin of the uniform franchise offering circular (UFOC).  A major problem that arises when drawing up a marketing contract is the correction of the commitments that the parties face in the event of a no-deal. This is because each party wants to protect itself and bring benefits. In their elaboration, it should be ensured that the rights of both parties are duly protected. Franchising is not a one-man game. To survive in the franchise space, you need to have a great team that you can work with. Take an example, you own a KFC franchise in your city, but you don`t have people running the business. No matter how hard you try, all your efforts will be in vain. The first step is to meet people who can be used as an asset and who can help you manage your franchise.
An effective team keeps your franchise going well. Legal agreements make it easier for parties to apply to the Tribunal and other dispute resolution mechanisms to protect their IP and contractual rights. Marketing agreements are usually concluded for a period of 2 years or more. It therefore becomes extremely important for the person drafting the agreement to ensure that the contractual terms are very clear. If these conditions are not clear, much more time and effort will be wasted by the parties. In this article, Anubhav Pandey discusses the intricacies of franchise agreements in India. Like any other transaction, the provision of consulting services requires a contract or agreement between the two parties. In this article, we will understand what a consulting contract is and we will examine the essential elements that a good consulting contract must have to meet the needs of both the advisor and the client. The marketing agreement must clearly define the work that the parties must do, as it serves as a record of each party`s expectations. Therefore, with regard to the distributor, it may indicate, for example, that the distributor must prepare marketing strategies, conduct market research on the type of implementation of the marketing strategy, etc. As far as the operation is concerned, it can indicate what information must be provided, etc.