Franchise Settlement

Keep in mind that franchisees have different talent sets and educational backgrounds. The success of some franchisees doesn’t assure success for all. Item 17 additionally explains what your obligations can be to the franchisor after termination. For example, after termination, restrictions in the contract usually will stop you from operating a business that may compete along with your prior franchise, if the new business is within a specified distance of your prior outlet. The restrictions may also stop you from operating a brand new enterprise within a specified distance of any other shops of the franchise. You’ll need to research other preliminary and ongoing prices that aren’t described in Items 5-7, such as the cost of accounting and legal help.

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