This is a document licence agreement for use during a franchising transaction.
Franchise arrangements often involve the franchisor taking the head lease and licensing the use of the premises to each of its franchisees via a licence agreement. The licence agreement imposes all the requirements of the tenant under the lease onto the franchisee.
Other precedents for use during the stage of the franchising transaction include "Guarantee of franchise agreement" and "Non-competition agreement".
This document has been authored for Lexis Nexis by Jane Garber-Rosenzweig, Gable Lawyers.
This document is prepared with the assistance of Specialist Editor Stephen Newman, Executive Counsel, Ponte Earle.