Refranchising: Should You Buy In?

Lately, more and more franchise companies are converting a significant number of their company-owned units by selling them to franchisees. This...

Drafting an effective franchise agreement – Part 3

Term and renewal The term of the franchise agreement and renewal rights directly affect the value of the franchise. The term of most franchise agreements...

Drafting an effective franchise agreement – Part 2

Scope of the Grant The extent of the franchisee's interest is defined in large part by the scope of the grant with respect to the...

Drafting an effective franchise agreement

A franchise is a creature of contract; it is defined by the franchise agreement. The extent of the franchisee's "ownership" interest in the franchise...

The Fundamental Aspects of the Franchise Agreement: Part 9

Termination The franchise agreement may simply expire at the end of the initial term or, if applicable, at...

The Fundamental Aspects of the Franchise Agreement: Part 8

If you're interested in starting a franchise, you have a lot of company. FranData reported that a record 500-plus new...