They say all good things must come to an end, even franchise agreements. So that you can make a fully informed decision on whether to start the franchise journey, you need to understand what can happen at the journey’s end, which may not always be at the time of your choosing.
This article explains the ways in which the relationship can end and what information the franchisor must give you on these issues before you enter the franchise.
Franchise agreement comes to a natural end
Many prospective franchisees don’t realise that franchise agreements run for a set term, usually five or 10 years, and there is no guarantee that the franchisee will operate the business beyond that term.Under the mandatory Franchising Code of Conduct, before you buy a franchise, the franchisor must give you a disclosure document. This document must tell you, among other things, what will happen at the end of your agreement, including… read on.