How much business support do you get from your franchisor?

Tuesday 12 August 2008

Read the small print

We work closely with some high profile specialist franchise lawyers. When we asked them what was the best bit of free legal advice they could give to franchisees, it was "read the franchise agreement".

One of the experts estimated that only 20% of franchisees read the contract in total before they signed it and a fraction paid for it to be checked by a solicitor first.

It might not be the most exciting bedtime reading, but why not dig out your original agreement and check what you are obliged to do? And, more importantly, what does your franchisor commit to do?

You may find some surprises in the there. Possibly there are marketing or support activities that you had not yet benefitted from. If not, there is no harm in querying these provisions with the head office or your support manager.

Not all the surprises might be pleasant. Have a look for any restrictive or other clauses that might not be so much to your benefit. Better to know about them before you need to, than after!

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