A Franchise Partnership Agreement is an agreement between two parties for the purpose of forming a business partnership. The terms and conditions defined in this document outline each party’s responsibilities, liabilities, rights and benefits in relation to the new venture. This agreement serves as the official binding contract that sets forth the legal basis and structure of the newly formed franchising relationship. It also acts as a guide for all future transactions related to the business arrangement between the partners. By signing the Franchise Partnership Agreement both parties agree to comply with all its provisions and accept mutual responsibility for the success of the business.