The safe way to terminate a franchise (Part 2: Checklist)

A franchise risk management checklist will assist franchisors in evaluating franchisee defaults, terminations, and nonrenewals to prevent or reduce costly franchise claims. The checklist includes: 1. background information on franchisee, 2. information concerning franchisee entering the franchise ag...

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Bibliographic Details
Published inThe Practical lawyer Vol. 41; no. 3; p. 63
Main Author Laufer, David
Format Magazine Article
LanguageEnglish
Published Philadelphia American Law Institute 01.04.1995
Subjects
Agreements
Default
Franchisees
Franchises
Guidelines
Installment sales
Inventory
Marketing
Provisions
Religion
Risk management
Shutdowns
United States > US
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Summary:A franchise risk management checklist will assist franchisors in evaluating franchisee defaults, terminations, and nonrenewals to prevent or reduce costly franchise claims. The checklist includes: 1. background information on franchisee, 2. information concerning franchisee entering the franchise agreement, 3. lease information, 4. franchisee training, 5. validation of franchisee's default and proposed termination, 6. franchisee's capital investment, 7. earnings history, 8. default and noncooperation, 9. replacing the franchisee, 10. settlement possibilities, and 11. litigation and dispute resolution.
ISSN:0032-6429
2640-9496