We often act for franchisors who are owed money by their franchisees. Our experience has predominantly been that franchisors are willing to work with franchisees to either negotiate payment terms or a reduced sum so that the matter can be finalised amicably between the parties. A point of frustration for franchisors is when they reach out to these franchisees and are ignored. In so many instances, franchisors will give franchisees so many opportunities to reach out and reach a resolution a...

A Franchise Agreement is a binding agreement for a particular term. The term of most Franchise Agreements is somewhere between three to 10 years, with the average being around a five-year term. As with any other binding contract, a Franchise Agreement will bind the Franchisee for the whole of the term. Below are some methods a franchisee may employ to end a franchise agreement early: 1.        COOLING-OFF PERIOD After a Franchisee enters into a Franchise Agreement, the...