Franchise Agreements

Running a franchise is a lot of work. Yet, a franchise can fail just like any business, and the franchisor may not readily save the franchise from failing.  Franchisees can take steps to reduce the risk of failure. Here is what you should know: 1. Research the...

Most people setting out on their franchise journey focus on startup costs, initial operations and growth potential. While those are important considerations, having an exit strategy is equally crucial. Things may not work out as expected, and you never know when you...

A franchisee has a very unique position. On the one hand, they are running a business, such as a fast food location, an auto dealership or another type of retailer. At the same time, this isn’t a business that they started. They’ve purchased the license from the...

A franchise agreement is a complex, highly-valuable contract between an entrepreneur and a company offering business opportunities. The franchisee signing the agreement effectively buys into an existing company to operate a standalone facility. They may have what is...

Franchising can offer a unique opportunity for you to own and operate a business under an established brand, benefiting from its repudiation, proven business model and ongoing support. This can provide you with a higher likelihood of success compared to starting a...

Investing in a franchise can streamline the startup process for someone who wants to become their own boss. They can tap into a pre-existing customer base by purchasing an opportunity with a well-established domestic brand. In theory, franchise opportunities can be...

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...

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...

Your franchise agreement is a contract that defines the rights and obligations of you and the franchisor. It is an essential document in establishing a successful and mutually beneficial franchise relationship. Unfortunately, not all franchise agreements are created...

Buying into a franchise offers a variety of benefits. It takes much less to succeed when running a company as part of an established brand than it does to create one's own niche within a local market. Additionally, franchisors typically offer a variety of support...