How to Get Out Of a Franchise Agreement
At some point in time one will need to get out of a franchise agreement.
There are a few basic things to remember to ensure that the process turns out as flawless and hassle free as possible.
True franchising is a quick and easy option for entrepreneurs interested in starting their own businesses. However there will always arise a better opportunity for franchise owners which will lead them to wanting to get out of their original franchise agreement. These opportunities may not always be for the best but nonetheless the process for which one has to undergo to get out of a franchise agreement must be taken into consideration and given proper attention to ensure that everything is in order. One would not want to remain bound to some legal issues in the end as this is what everyone is trying to avoid when getting out of a franchise agreement.
Always bear in mind that one must exit the franchise agreement as gracefully as possible. Start with the basics, review the franchise agreement you have set up with the franchiser. This is best done with some legal help and consultation with a lawyer is a good option to ensure that everything is taken into account. Take note of the factors that have led you to want to get out of your franchise agreement. Various franchise owners have their own specific reasons for wanting to end a franchise deal and these are things that you must take into account and list down accordingly. Since this is a strict legal matter you will want to state your case and supply the necessary evidence pertaining to your claims. Dissolution of a franchise deal takes up a lot of time and money and some franchises may offer you buyout clauses but this is not always the case. Most of the time the franchisers will want to make amends and reconcile through arbitration. Reselling may also be an option though it will not be as valuable as its original market value. At this point it is important to have decided upon what you really want to do with the franchise. Some issues may be settled in this review alone while others may not and the dissolution of contract may still be in your plans. Nonetheless it is important to review first with your own legal counsel and then discuss matter with the franchisers.
Once you have made up your mind on what you really want to do, take note also of the conditions which led you to want to get out of the franchise agreement. Many franchisees have their own various reasons for wanting to leave a deal and these include wanting to declare bankruptcy, damage of the brand name, defrauding of the company and other issues pertaining to the brand value as well as its revenue value. From there the franchiser may either default on the franchise contract and an agreement of disclaimer and discretion may be discussed upon.
46 Comments
- R/S, I want to setup School under DPS franchise. please let me know about land requirement and other major requirements.Thanks.
- I am chairman of sky college of aeronautical engg. Bhilai-3 (C.G.) educational exp. of 20 years. i want to setup school under DPS franchise at ujjain (m.P.) please let me know about land requirement and other requirements. Thanks, B.C.Jain, Chairman, Sky College of Aeronautical Engg, Bhilai-3 (C.G.) 490021, Mob: 09425026625
- I am director of Academic Heights Public School .I want to set up school under DPS franchise at Haridwar(u.k). Please let me know how to apply for it. We have 14 acres of land 200 mt away from the main highway. Thanks, Nitin Ahluwalia, mob-9319051539
- Want to start the cbse school in pune. kindly contact me on 9823088337.
- I want to start your franchise in Jalgaon (Maharashtra). Please let me know the procedure of the same. Having 3 acres of land in city area and also near about 50-55000 sq ft near by Jalgaon. Please get back to me on my email id or contact me at 9822240802/9422775451. Regards Abhishek Singh.
- Respected sir, Regarding, to open a school under the DPS society at Burdwan (west bengal). So plz sir kindly show me the way and help me to get the important related information & procedure. Thanks,
- I am interested in establishing a school under DPS society at Sasaram, State - Bihar. Please make me aware about the procedure and norms for the same. Hope to get you soon. Thanking you.
- hrishikesh uttrkhand. I want to open a school with the Big name of Delhi Public School. so plz tell me how to open this school
- I want to open DPS School in eastern part of Patna (Bihar). Would request you like to advice me the forward path for the same.
- i am interested in establishing a school under DPS society at bhadra{hunmangarh) rajshthan
- I want to start adps at karimnager in Andhrapradesh. how much money we need to get a franchise from you, as well as the land requirement .I have been working as a chemistry teacher in MALDIVES right now. Pls let me know the minimum details which i raised above
- I have a lend in two part 4200+800 sq yard area and 25000 sq feet well constructed area 40 rooms in jaipur city i want to become a franchise of dps. Tell me complete process and requirement in detail.thanks.
- I am from Nepal. I am senior manager in Choudhary Group multinational and number one company in Nepal. We are interested in getting franchise of DPS for kathmandu. we have already school. In nepal DPS is operated in Dharan, Biratnagar and Birgung. Can you give me details of cost price, conditions and process to get associated. Thanks
- I will wait for your response as we are developing business plan. so kindly reply soon and I will provide you with other details to get your franchise in Nepal.
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- dear sir/ mam, i want to open it in odisha. can you please mail me about it
- I am director of B.E.T.C.Pvt. Ltd. i want to setup school under DPS franchise at Banda (U.P.)210001. please let me know about land requirement and other requirements and terms & conditions. Thanks, Mob: 09792934521
- Hello Sir, I am interested in establishing a school under DPS society at Sonki Darbhanga, Bihar. Please make me aware about the procedure and norms for the same. Hope to get you soon. Thanking you. Rajeev kumar yadav (Mob. - 8873995111, 9122447797)
- i have 25 years experience in school as teacher and Principal both in State and CBSE syallabus. i am interested in starting a school in Lagos igeria as there are lot of Indians and there is only one Indian School.
- We want to take franchise of DPS in Goverdhan, mathura (UP). Please let know the process to take this and also know me about the total estimate .
- I want to start DPS in Dibiyapur dist. Suriya u.p. is an industrial area where ntpc, pata plant, Gail plant, and uppc plants are situated. And every year 500 students are going another dist. To study. So please remind me about the franchise of DPS
- I have good financial support and experience in education. my no.09045495134
- I want franchise of DAV Public School in Darbeshpur Bihar because in that place no better school is available so I want to open a school in Darbeshpur. So I request you to give me a great opportunity to open this school and make the children successful. THANK YOU
- I want to franchise dav public school at jhargran in west bengal. so what is procedure. ph-9933588290
- Hello, My name is Shubham Bansal. I am an Indian based in Germany. I would like to setup a DAV School in my Home Town in Uttar Pradesh. Could you provide me some more insight in this topic. Also, It will be great if you can provide me with your direct contact number for further discussion. Thanks !! Shubham Bansal
- I want to franchise dav public school at nawada dist in bihar. so what is procedure.
- I am from kasmar ,near bokaro in jharkhand i want to open a c.b.s.e school in my village for proper education in our society. please let me know so that i can plan it in future.
- my name is shashi kumar. i would like to setup a DAV school in my home town in hussainabad, dist palamu Jharkhand. could u provide me some more insight in this topic. please provide me contact number..
- I want to take franchise of DAV public school at choudwar cuttack. please let know the process to take this and also know me the total estimate.
- Hi, I am a qualified cost accountant, MBA & M.Com. having more than 10 years experience in the field of finance & accounting and academics. I want to take the franchise of DAV public school. Pls let me know the procedure for the same. Preferred location: Bilaspur or Mungeli (Chhattisgarh). Pls contact @ 9954049336.
- DEAR SIR, i want to franchise dav public school in orissa. plz let me know the procedure. 9861022500
- Want to open a DAV school in dist solan. Anyone please give me proper details what i have to do ?
- Sir I need franchise of DAV Public school in Dhaka Dist East champaran, Bihar. So advice me what thing i have submit to you.You can call me any time.M-9015155038
- Hi, this is azra principal of mqm school interested in opening franchise of DAV public school shortly playgroup to 5 in Hyderabad location mehdipatnam. waiting for ur reply.
- Hello sir / Ma'am,I am interested to take franchisee of D.A.V. public school in dibiyapur town district Auraiya. Kindly , let me know the entire process on my mail,I have my own land.Please contact me ASAP I am waiting for positive revert!!
- Dear sir.We are already running a school in Kanpur India.Our school is situated in very good location at civil lines Kanpur.Can we have the franchisee for dps school?
- Dear sir , I want to take a franchise of DAV public School .plz, let me know the process of opening the school .M no.9124062196, Odisha
- Dear sir , I want to take a franchise of DAV public School . help me call me in setting up this school here. 9818302897 a gopalganj bihar
- Dear sir, I want to take a franchise of DAV public school at Mahartha district Kaimur . let me know entire process of my email id. I have own land and this place suitable for school. please provide detail asap. contact no 971757441/9837010825
- I am Kamal Lamsal from Sikkim wants to know about your franchise school in east Sikkim. Therefore, kindly give me detail for business.
- sir i want to know about frenchise of dav school in saran, Bihar so please give me information about this
- i want to setup school under DAV franchise at ranchi (JHARKHAND). please let me know about minimum land requirement and other requirements and terms & conditions.
- Sir, I want to set up school under DAV franchise at Rewa(M.P.) please let me know about the procedure for that with terms and conditions
- I Need to open School Under DAV franchise at Jharkhand and I have ready land on the hub in the city so please contact me on Mob. 8789258308.
- Hi, I need information about DAV school franchise in Gorakhpur.
- Sir. i want to open dps public school in my locality. my self is a retired principal. pls, send me details about the procedure to open the school. with thanks.
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