When a franchisee becomes insolvent

When a franchisee becomes insolvent

Insolvent franchisee Where an insolvent corporate franchisee is about to close its business, franchisors may look for a potential solution to try to retain goodwill in the brand in that particular territory.  This may include appointing a new franchisee under different ownership to acquire the assets and to trade under a new franchise agreement.  Sometimes, […]

Franchise Q&A: Can my franchisor change my royalty payments?

Franchise Q&A: Can my franchisor change my royalty payments?

Q: “Can the franchisor change the fixed payment or royalty/percentage structure to suit them at any given time? How am I supported by the franchise agreement in order to yield a decent return?” Specialist franchise lawyer It would be a very strange franchise agreement that allowed the franchisor to make such fundamental changes during the […]

Selling my franchise – a franchisee’s guide

Selling my franchise – a franchisee’s guide

For many franchisees there will come a time when they wish to realise their investment and sell their franchise. Some franchisees are surprised by the process set out in their franchise agreements that they are contractually bound to follow when they want to sell. Some franchisees feel aggrieved by the level of control that their […]