The “Grant” section informs franchisees that the franchisor grants them the limited, non-transferable, non-exclusive right to use the franchisee`s trademarks, logos, service marks (generally referred to as trademarks) and operating system (often referred to as a system) for the period defined in the franchise agreement. The franchisee does not obtain any ownership rights in the trademarks or system and the franchisee always reserves the right to terminate the franchisee`s license grant for breach of the franchise agreement. It is appropriate to provide for a provisional period of six months, for example, within which the franchisee can terminate the contract relatively easily if the franchisee does not achieve and does not comply with certain objectives and standards. It is often difficult to assess, from the initial interview and some contacts with the franchisee, whether he will prove to be a competent and successful franchisee. There is no standard form of franchise agreement, as the terms, conditions and methods of operating different franchises vary greatly depending on the type of business. Definitions should include trademarks, copyright, open trade, know-how, trade secrets and other intellectual property rights. It should also contain a description of the franchised activity. Since the franchisee allows the franchisee to use its intellectual property, definitions should include the exact use of the intellectual property in which territory and for what period. . . .