Forfeiture A deductible may deteriorate due to non-use. Misuse or failure to provide appropriate services as part of the franchise may also result in loss. The remedy for non-use or abuse belongs to the State. Persons other than the State or public authorities may contest the validity of the exercise of a franchise only if they are able to demonstrate that they are of particular interest in the matter different from that of the public. Territories are important to limit market saturation. A single franchise will have a harder time competing in a saturated field. Think about your significant investment in the opportunity. How would you like you to pay hundreds of thousands of dollars to open a franchised outlet just to find that the franchisor allows another franchise only a quarter of a mile away? A franchise agreement is a legally binding document between a franchisee and a franchisee. The franchise agreement defines the conditions that must be met by both the franchisee and the franchisee.
A franchise agreement is just one of the many steps to launching a franchise. You must meet the franchisee`s standards for the development of the premises, including the choice of furniture, furnishings, cushions, landscaping and signage that meet the franchisee`s standards….