The overview summarises the key legal and commercial considerations when setting up a franchise in the UK, including issues relating to property, advertising, intellectual property rights, the regulation of franchising, and the application of UK and EU competition law, in particular the revised vertical agreements block exemptions. The overview also considers provisions commonly found in franchise agreements dealing with such matters as the scope of the franchise, payment of fees, franchisor's and franchisee's obligations, products covered, restrictive covenants and termination.