The Operations Manual is the ‘bible’ of the franchised business and forms a significant part of the franchise contract. It is the Franchisee’s primary source of information and guidance and should contain a detailed description of the Franchisor’s system and how to operate it on a daily basis.
Essentially, it will specific to the needs and requirements [...]
Franchising is not for everybody and it is important that you know what the drawbacks are before making any sort of commitment.
It can be an inflexible method of doing business as each Franchisee is bound by the franchise contract to operate in the business in a certain way. The Franchisor has created a brand and [...]
The franchise contract (or agreement) is perhaps the most important document in the franchise process. Once signed, both parties are bound by it, so it’s worth studying in detail.
The agreement outlines the responsibilities of both Franchisor and Franchisee and should be well balanced in terms of rights and obligations. It should also be exactly the [...]
No-one should enter into a franchise agreement thinking they can walk away from it. It is not as easy at that. You don’t have the right to quit when it suits you. A franchise agreement is a contract like any other. Before signing, both parties make a commitment to work together for an agreed term, [...]
