Franchise Law: Getting Out Of Your Franchise Agreement

By 3 Comments


{Reposted from www.TheFranchiseBlog4Vets.com}

Msnbc

Is your franchise being affected by the US economic downturn? {It’s a recession, folks.} Are you considering your "options?" Can you hang in there until business is back to normal?

If your small business/franchise is not being impacted by this ugly economy, please let me know. {You can add your comments after this short post} My little franchise consulting service
is not exactly going gangbusters right now, but I can spin some cool
phrases to make make me feel better about it.

Bottom line: It’s ugly
right now, but if we can all hang in there for awhile, things will turn
around.

But, if you at the breaking point, there are some ways to "get out"
of your franchise agreement. I was asked by Eve Tahmincioglu, an MSNBC
reporter, how one can "get out" of their franchise contract…

Go To MSNBC.com

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Maybe if you knew how to research a franchise…

{Update-I am starting to get some renewed interest from folks that want to invest in a business of their own…}

Filed Under: Franchise Law
About The Franchise King®

My name is Joel Libava, and I'm the author of Become a Franchise Owner! In addition, I'm a franchise ownership advisor. I teach people how to properly choose, research, and buy franchises.

  • unhappyfranchisor

    I am three months into a 10 year agreement.  I had lawyer review the agreement to see if I had liability if I decided to walk.  Seem fine.  Now three months in, I am losing customers faster than I am getting them and franchisor is saying I have to pay full 10 year royalties to get out….  Any advise?

  • http://www.TheFranchiseKing.com The Franchise King

    Hi, Thanks for stopping by.

    Did you have a franchise attorney review your contract and the FDD before you invested in the franchise?

    JL

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