If you are considering becoming a franchisee, before entering into any franchise agreement it is vital that you seek legal advice. In addition, a prospective franchisee should obtain financial advice in relation to the financial viability of the venture.  You should be aware of rights to introduce other franchisees in locations near you, ongoing costs, obligations to buy stock off the franchisor, marketing costs and term of the franchise amongst other things. Franchise agreements can be complex and cover many key aspects to the agreement like fees, intellectual property and equipment.