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MasterFranchise agreement

here2surf · 2012-06-14 16:08:44

If you are offered a master franchise agreement for 10 years, what happens once it has expired? Do you have to purchase a license for another 10 years? Or is it a case if you are performing well it is just renewed

14-06-2012 04:08PM

#1

here2surf

Registered Users, Registered Users 2 Posts: 138 ✭✭

Join Date: June 2009

Posts: 113

If you are offered a master franchise agreement for 10 years, what happens once it has expired?
Do you have to purchase a license for another 10 years?
Or is it a case if you are performing well it is just renewed

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Comments

#2 15-06-2012 07:28PM

Gloomtastic!

Registered Users, Registered Users 2 Posts: 9,070 ✭✭✭

Join Date: January 2010

Posts: 8770

Depends what's in the franchise agreement. You may just walk away with nothing. They may offer you a further 10 years at a discounted rate or they might pay you a bonus if you have exceeded targets and help handover to the new master franchisee. It's probably all negotiable.

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