Rule No. 1 for any prospective franchisee entering into a franchise system is to speak with as many existing franchisees within the system as possible. This provides up to date honest comment on the culture of the franchise system and the attitude and methods of the franchisor. A key question to ask during this process will be "Were there any complications in getting a renewal or extra term of the franchise?" But what do you do in the case of a franchise where no renewals have as yet been granted?
Most franchise agreements state that the franchisee has the automatic right to request a renewal. Many franchisees assume that this means that there is a guarantee of an additional franchise term on exactly the same terms and conditions as they signed at the start of their first term....
Error Your web browser is not set to accept Cookies You must have cookies enabled to access our articles on Mondaq.Com. Your Login Details have been provided correctly but can not be passed to our content module. If you are happy to proceed and have enabled cookies, Below is some information about what cookies are and why they are used. What does a cookie do? Why do I have to have them enabled? Can cookies read other information stored on my computer? |
Specific Questions relating to this article should be addressed directly to the author.
| Do you have a question for the author? |


