About this Document:
This agreement is drawn in general terms for a manufactured product without specific reference to any industry. In this agreement there are very large number of variables.
Who will use this document?
A person or company arranging terms for a franchise of manufactured products in India.
Key features:
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suitable for sale of manufactured goods;
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ready for adaptation to particular needs of either or both parties;
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comprehensive provisions provide ideas;
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real law in simple English.
This document includes provision for:
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Principal Company’s comprehensive conditions of supply;
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Restrictions on Principal selling outside the agreement;
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Minimum sale requirements;
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Restrictions on Franchisee selling competitive products;
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Franchisee’s marketing obligations;
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Inspection by Franchisor;
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Termination and what happens afterwards;
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Confidentiality and Intellectual Property Rights;
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Limitation of Principal’s liability;
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Appropriate legal provisions - warranties, exclusions, indemnities, etc.
