A franchise agreement is a contract – and those contracts eventually expire, even if that is five, 10 or 15 years down the road. At that point, you generally have the option to renew your agreement with the franchisor, but only if you meet all of the renewal...
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Month: March 2024
Tips to avoid disputes as a new franchisee
Starting a franchise can be an exciting venture, but it's essential to navigate potential disputes wisely to ensure the success and longevity of your business. The following are some valuable tips to help new franchisees avoid disputes and maintain positive...
3 concerns for those hoping to terminate franchise contracts
Entrepreneurs and investors often choose to pursue franchise opportunities as low-risk business options. Ideally, franchisees tap into an existing market and benefit from becoming part of a trusted and well-known brand. Unfortunately, issues ranging from restrictive...
What are franchise disclosure documents?
Franchise disclosure documents (FDD) are pivotal in franchising, serving as a comprehensive guide for potential franchisees before they agree to move forward. These documents provide transparency and help to ensure that both parties clearly understand the terms of the...