Franchise agreements are not fair contracts. Once training is done and the business opens, franchise agreements shift the entire burden of the franchise business to the franchisee. Taking the right steps before signing that franchise agreement is critical, not just for success but for your financial survival. Critical Steps to Buying a […]
Want To Be a Franchisor
So You Think You Want to Be a Franchisor? Feel the Need to Franchise Your Business? FAQS Answered. I come from the Keep It Simple school of franchise law, and prefer to make franchising as uncomplicated as possible. But it is still not something you should jump into just because you think franchising is […]
Sometimes You Should Just Say No
… because franchise agreements can look just like credit card agreements. I started reviewing and writing franchise agreements, even before I moved to Texas in 1989. When I first got here, franchise agreements seemed pretty balanced to me. It was standard practice to use phrases like “[franchisor] shall not unreasonably withhold its consent…”. Nowadays the […]
Negotiating a Franchise Agreement? Let’s Make a Deal
If you are new to the world of franchising, you may be surprised to learn how rigid and inflexible the franchise “rules” can be. It seems inconsistent with a business format that is praised as an avenue for creativity, entrepreneurship and the potential for rapid cost effective expansion. A great example of this is the […]
Buying a Franchise? Keep the end in mind…
The down side of franchising is the unpleasant way franchise relationships can end. When buying a franchise, typically neither the franchisor’s representative nor the prospective franchisee look at how the relationship might terminate—voluntarily or not. It is all about the positives and the prospect of independence as a business owner. Depending on the particular franchise […]
