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“Never fall in love with a deal.” That is what we tell our clients. If it looks too good to be true, it probably is. A franchise agreement rarely says what you think it does, so it is better to get to the heart of the details before it is too late. What most people entering into a franchise agreement don’t know is that most of the time the terms are negotiable.
Franchise agreements, which are drafted by the franchisor, set the terms and conditions that will govern the franchisee’s ownership and operation of the franchise. We assist franchisors by drafting, negotiating and reviewing franchise agreements and agreement terms, including:
Rights of first refusal
Fees and “mandatory” costs
Termination and renewal