Do I need to renew my Franchisee's Agreement?

Owned by Joel K
25, Jan, 2017
1 min read

Describe the problem as the user would experience it. For example "Level 7 printer is flashing red and wont print".

Question

Do i need to renew my franchisee's agreement?

Answer

A Franchise Agreement usually expires in ten years. At the end of this period, the Franchise Agreement allows the Franchisee to execute a new agreement, for a further period of ten years (given that the Franchise is not in breach of the Franchise Agreement).

Franchisors must notify a Franchisee (irrespective of whether the Franchisee has provided notice of their intention to renew under the Franchise Agreement), at least 6 months before the end of the term of the Franchise Agreement, of their decision to renew or not to renew the Franchise Agreement.