“The Good, the Bad, and the Ugly – Franchise Agreement and FDD Provisions” an article by J. Michael Dady
Michael Dady discusses Franchisee’s rights and limitations of the agreement.
“1. The Duration of the Relationship
- The Good: Consecutive, unlimited renewal terms, with renewal agreements that do not materially differ over time.
- The Bad: Limited renewal rights, expressly allowing material, adverse changes to renewal agreements.
- The Ugly: No renewal rights, with franchisor claiming the right to acquire the franchisee’s business at the end of the term for the fair market value of the hard assets… “
Read the full outline here: The Good the Bad and the Ugly-Franchise Agreement and FDD Provisions One Franchisee Lawyer’s Perspective
*NOTICE: This blog is intended solely for informational purposes and should not be construed as providing legal advice. Please feel free to contact us with any questions you may have regarding this blog post.