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Franchise agreements are tailored to specific situations. Thus, it is impossible to identify every term and issue that should be considered in every situation. However, the Checklist of Basic Franchise Agreement Terms will provide you with a comprehensive listing of the basic terms that may be included in a franchise agreement. It also identifies many of the issues surrounding those terms that should be addressed. If you are considering the purchase of a franchise, use the checklist to help you understand the terms typically included in a franchise agreement and to review the agreement provided by the franchisor.
The file contains a four-page document in rich text format (RTF) that is suitable for use with most word processing programs used in a Windows environment.
- a detailed list of issues to consider regarding the cost of the franchise
- a detailed list of issues to consider regarding the location of the franchise
- a detailed list of issues to consider regarding the building, the equipment, and the supplies
- a detailed list of issues to consider regarding the franchise's operating practices
Investigating the Franchise