{"id":28945,"date":"2018-11-08T19:30:13","date_gmt":"2018-11-08T19:30:13","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=28945"},"modified":"2024-05-28T13:40:49","modified_gmt":"2024-05-28T17:40:49","slug":"franchise-agreement-afraid","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/franchise-agreement-afraid","title":{"rendered":"Should You Be Afraid of a Franchise Agreement?"},"content":{"rendered":"

\"should<\/a><\/p>\n

Below, for your viewing pleasure, is a teeny-tiny portion of the King of Sausages* Franchise Agreement<\/strong>.<\/p>\n

*Not a real franchise opportunity<\/a>. The agreement, however, is<\/em> real.<\/p>\n

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CONSTRUCTION; SOURCING AND DESIGN APPROVALS<\/em><\/strong>
\n5.1 Construction, Conversion, and Renovation of the Restaurant. Franchisee, at its expense, must start and complete in a timely fashion and to Franchisor\u2019s satisfaction the construction or<\/em>
\nrenovation, as the case may be, of the Restaurant in accordance with the Standards. (See exhibits)<\/em><\/p>\n

5.2 Signage, Supplies and Inventory<\/em>
\n(a) Franchisee must use only such signs and Supplies that conform to the Standards and are purchased from a vendor, supplier or manufacturer designated as \u201capproved\u201d by Franchisor. Franchisor may designate approved vendors and suppliers, including Franchisor or any of its Affiliates, as the only approved supplier for certain items. The requirements imposed by this Section are to insure that the Supplies and Inventory, and other items used by King of Sausages Restaurants will be uniform and of high-quality, and Franchisee agrees that the restrictions imposed on Franchisee in this Section 5.2 constitute the measures necessary to maintain the identity, integrity and reputation of the System.<\/em><\/p>\n

(b) Franchisee must display (prominently) in, on, and around the Restaurant signs using the Licensed Marks and other advertising signs of such nature, form, color, location, and size, and containing such material as Franchisor provides in the Standards. All signs will comply with all Applicable Law. Franchisee must not display in or upon the Restaurant premises or elsewhere, any sign or Marketing Materials of any kind that does not comply with Section 6 or to which Franchisor objects.<\/em><\/p>\n

And so it begins. Should you be afraid?<\/p>\n

Maybe you should read those paragraphs again.<\/p>\n

 <\/p>\n

The Franchise Agreement<\/h2>\n

Above all, the franchise agreement is a contract. It’s the thing that locks you in for years. (5-10<\/em>) And to some, that can be a scary thing.<\/p>\n

Namely, according to UpCounsel<\/a>, “A franchise agreement is a legally binding settlement that outlines the franchisor’s terms and circumstances for the franchisee. The franchise agreement also outlines the obligations of the franchisor and the obligations of the franchisee. The franchise agreement is signed by the person entering the franchise system<\/em>.”<\/p>\n

That’s right; it must be signed<\/a>. In ink.<\/p>\n

\"signed<\/a>
\n
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