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Franchise Agreement is required to be made with Subway. You can request for Franchisee by filling of Form on their website.
It includes various complication as per law like Arbitration, Intellectual Proprietary Right, Foreign Exchange Management Act, Taxation etc.
As Franchisee Agreement is an agreement under Indian Contract Act 1872.F...
Wazzeer Professional Network
ProfessionalHow to start Subway franchise, what are the legal complications? How to maintain accounts for my start?
-
Wazzeer Professional Network
ProfessionalFranchise Agreement is required to be made with Subway. You can request for Franchisee by filling of Form on their website.
It includes various complication as per law like Arbitration, Intellectual Proprietary Right, Foreign Exchange Management Act, Taxation etc.
As Franchisee Agreement is an agreement under Indian Contract Act 1872.Franchise agreement clauses are as follows
- Term and renewal
- Fees and royalty clause
- Proprietary marks
- Confidentiality Clauses
- Training
- Duty of Franchisor
- Duty of Franchisee
- Default and Termination
- Products and operations standard and requirements
- Advertising
- Dispute resolution
- Post-term obligations
There is no such specific problem related to Franchisee Agreement. Any of the problems may arise as per the Agreement clauses.
You have to start maintaining Accounts right from the Starting from Business by registering under GST Act as normal Business as per Accounting Standards. You have to pay lump sum amount of Royalty as per Franchisee Agreement.
For further reading: https://www.wazzeer.com/blog/starting-a-franchise-in-india/
'Get your Wazzeer' to have all the legal and accounting support, we would be very excited to help you.
almost 4 years ago
View answer
How to start Subway franchise, what are the legal complications? How to maintain accounts for my start?
-
Wazzeer Professional Network
ProfessionalFranchise Agreement is required to be made with Subway. You can request for Franchisee by filling of Form on their website.
It includes various complication as per law like Arbitration, Intellectual Proprietary Right, Foreign Exchange Management Act, Taxation etc.
As Franchisee Agreement is an agreement under Indian Contract Act 1872.Franchise agreement clauses are as follows
- Term and renewal
- Fees and royalty clause
- Proprietary marks
- Confidentiality Clauses
- Training
- Duty of Franchisor
- Duty of Franchisee
- Default and Termination
- Products and operations standard and requirements
- Advertising
- Dispute resolution
- Post-term obligations
There is no such specific problem related to Franchisee Agreement. Any of the problems may arise as per the Agreement clauses.
You have to start maintaining Accounts right from the Starting from Business by registering under GST Act as normal Business as per Accounting Standards. You have to pay lump sum amount of Royalty as per Franchisee Agreement.
For further reading: https://www.wazzeer.com/blog/starting-a-franchise-in-india/
'Get your Wazzeer' to have all the legal and accounting support, we would be very excited to help you.
almost 4 years ago
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