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Franchise Renewal and Transfer Rights
Posted by Ed Teixeira
Franchise Facts and Figures - Renewal and Transfer Rights
The average renewal term in the industry is 8.7 years, with franchisors granting one or two renewal options.
A franchisor may charge a renewal fee upon the exercise of the renewal option but the rights of a franchisee to sell the franchise are set forth under Transfer and Sale of the Franchise. The rights of assignment, including the process to be followed include a transfer fee to be paid by the franchisee (assignor). Download Franchise Facts and Figures: Renewal and Transfer Rights
Posted on October 7, 2015 at 10:46 AM
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