Through the franchise agreement, you grant your franchisees the right to establish and develop their franchise sites and, in return, the franchisees agree to set up and maintain their franchises in accordance with your system`s mandates and to pay you certain current expenses. Next, you should check the duration of the deductible and whether you have any extension options. If you`re an experienced franchise buyer, you`ll likely have some professional advice on the documents — but here`s a brief flyer that you need to pay attention to yourself: the fees you need to pay to the franchisor are usually set in a schedule for the franchise agreement on the back and may include the initial franchise fee. Training fees and current fees. The franchise agreement is the legal agreement that defines the franchisor`s terms and conditions for a franchisee. This is a legally binding document that defines the general conditions of sale of the franchisee for a franchisee. So they buy a franchise and just got the franchise agreement from the franchisor…