#detailed legal checklist for franchise agreements Delhi

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Essential Clauses in Indian Franchise Agreement: A Legal Checklist

A franchise agreement is one of the most crucial aspects of the franchise business model, and without this agreement, no relationship between a franchisor and franchisee can be legally established. So, creating a comprehensive agreement is an important step which outlines all possible terms and conditions in detail. This is created beforehand to avoid any misunderstanding or to resolve the dispute effectively.

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Understanding Disclosure Requirements in Indian Franchise Agreements

Non-compete clauses are specially mentioned in a franchise agreement to ensure that any sensitive or confidential information or secret is not compromised to any outside authority by the franchisee without the authorization of the franchisor, and to ensure that this clause is obeyed properly, the franchise agreement shall properly distinguish in it that which information is confidential and which is not. No matter in which category the information falls, an important point to note is that every piece of information shall be discussed in as much detail as possible and in a simplified manner which both the franchisor and the franchisee understand and agree to after mutual discussions.