As a franchise owner the franchise agreement is one of the most important documents you will sign. It is essentially a legally binding agreement between you and the franchisor that sets out the extent of the rights to be granted, the territory in which those rights apply, the exclusivity of the rights in the territory, and the term in which the rights exist.
Due to the importance and the fact that this is a legally binding agreement, it is a good idea to get a business lawyer or, more specifically, a solicitor who deals with franchising, to look over the franchise agreement before signing. Another good place to go to for professional help is franchise consultancy firms, which often have experience in creating these agreements and can offer advice and guidance. As well as this, sample agreements can also be found online. Full article.