A franchise agreement is a legally binding contract between a franchisor and franchisee. It outlines the rights, responsibilities and obligations of each party. That includes the use of branding, payment terms, marketing rules and dispute resolution procedures. Always have a franchise agreement lawyer review documents before signing to make sure your interests are protected. You don’t want to end up in an agreement that you realise isn’t meeting your requirements or expectations, finding yourself responsible for more than you bargained for. Likewise, you don’t want to find out you’ve got a franchisee who is suddenly a liability.