Yes, of course, you can.
15% of sales
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
When you become a franchisee, one important obligation that you (as the franchisee) undertake and agree to is a restrictive covenant that, depending on the terms of your franchise agreement, will restrict you from purchasing and/or operating other types of businesses. It is possible for a franchisee of "one concept" to purchase another franchise concept however the only way to determine whether or not this is possible is to examine and evaluate the terms of your franchise agreement. If you are purchasing a franchise and have not yet signed a franchise agreement you should discuss with your franchise lawyer your future business plans and the types of restrictions and "restrictive covenants" contained in your franchise agreement.
Franchise organizations!
Franchise
15% of sales
The franchise agreement term is 10-year with a 10-year renewal option.
Call them and terminate your agreement with them.
The franchise agreement must have signatures on it in order to be considered valid. It must also clearly outline the terms of the agreement, and be dated on the day it is signed.
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
When you become a franchisee, one important obligation that you (as the franchisee) undertake and agree to is a restrictive covenant that, depending on the terms of your franchise agreement, will restrict you from purchasing and/or operating other types of businesses. It is possible for a franchisee of "one concept" to purchase another franchise concept however the only way to determine whether or not this is possible is to examine and evaluate the terms of your franchise agreement. If you are purchasing a franchise and have not yet signed a franchise agreement you should discuss with your franchise lawyer your future business plans and the types of restrictions and "restrictive covenants" contained in your franchise agreement.
stupid bit
A franchise opportunity agreement can be found by looking at your disclosure statement or it may be separate. The best thing to do is ask whoever have you the disclosure statement
Normally the franchise agreements normally establish a 20-year primary franchise term.
A brand franchise is an agreement between a brand name manufacturer and retailer. By making this agreement, the retailer or wholesaler becomes a smaller part of the larger organization.
license, franchise, grant, permit, contract, agreement
Franchise