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Franchise Agreement: Avoiding Pitfalls

Trend product 2019. Developed by the psychological center “1000 Ideas” in conjunction with the team of the business portal.

Recall that, being a legally contract of independent equal partners, in reality the franchise agreement nevertheless presupposes the concentration of most of the powers in the hands of the franchisor (franchise owner). At the same time, an entrepreneur who wants to open his own business under a franchise agreement is forced to either accept the terms and conditions or seek another partner.

Nevertheless, if at the stage of concluding the contract special attention is paid to certain provisions of the agreement, this will help to avoid many pitfalls in the future. This is especially important to remember, since almost all agreements are developed by franchise owners, which means that they are created in the interests of the franchisors themselves. Continue reading

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