Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Categories faq: Franchisor & Franchisee

What are the next steps after using escrow for franchising?

Once the escrow process is complete, the franchisor and franchisee will be able to sign the franchise agreement and transfer ownership of the franchise.

How do I start the process of using escrow for franchising?

To start the process of using escrow for franchising, you will need to contact our escrow expert and provide them with the necessary information, such as the name of the franchisor, the name of the franchisee, and the amount of the initial franchise fee.

What are the different types of escrow services for franchising?

There are two main types of escrow services for franchising:
Traditional escrow services: These services are typically provided by banks or other financial institutions.
Online escrow services: These services are typically provided by technology companies. Online escrow services can be a more convenient and cost-effective option for franchising.

What are the different types of escrow accounts for franchising?

There are two main types of escrow accounts for franchising:

Non-judicial escrow accounts: These accounts are typically used for smaller transactions. The funds in a non-judicial escrow account are held by a third party, who is not a court.
Judicial escrow accounts: These accounts are typically used for larger transactions. The funds in a judicial escrow account are held by a court, which provides an additional layer of protection for both the franchisor and the franchisee.

Announcing!!

is proud partner at Techsparks’23, Delhi

Visit us at the Booth No. – S1 from 29th to 30th of November from 9.30am to 7.30pm

Catch our Founder/CEO, Vineet Singh, on the Main Stage at 29th November 3 pm

*First Come First Serve