Where can I find a lease purchase agreement for a business?
Franchise means any continuing commercial relationship or arrangement, whatever it may be called, in which the terms of the offer or contract specify, or the franchise seller promises or represents, orally or in writing, that:
(1) The franchisee will obtain the right to operate a business that is identified or associated with the franchisor's trademark, or to offer, sell, or distribute goods, services, or commodities that are identified or associated with the franchisor's trademark;
(2) The franchisor will exert or has authority to exert a significant degree of control over the franchisee's method of operation, or provide significant assistance in the franchisee's method of operation; and
(3) As a condition of obtaining or commencing operation of the franchise, the franchisee makes a required payment or commits to make a required payment to the franchisor or its affiliate.
A franchise agreement may include a purchase option. Information included in the franchise contract typically includes the following:
Accounting and recordkeeping provisions
Existence (and terms) of any performance quotas
Fairness of the franchise fee
Fairness of the royalty arrangement
Franchisor's continuing services to franchisee
Insurance protection (if any) under franchisor's patent or liability insurance coverage
Operating provisions (including quality control, human resource management, and other areas)
Restrictions (if any) on business activities outside the franchise
Restrictions (if any) on selling the franchise
Start-up investment required
Termination or default terms (as well as arbitration clauses)
Terms of contributions, if any, to parent company's national advertising campaigns
Terms of inventory and ordering practices
Terms of renewing the franchise agreement
We can assist you with searching to locate forms or we can draft add forms you may need to our database. However, we cannot advise you to use one particular form over another that address the same matter. We can show you what is available. If you search for franchise for your State there are 33 forms shown. You can take a look at the franchise forms and see if they fit your need. If they do not, let me know and we may be able to add a form for your need. You may order a form or package by phone by calling Toll Free: 1-(877) 389-0141 - 8:30-5:00 Central Time Zone Monday – Friday.