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In the context of Franchising, the right of first refusal typically grants existing franchisees the option to match the terms of a proposed new franchise agreement in a nearby location before it is offered to external parties. Whether a franchise has the right of first refusal on additional franchises in nearby locations is determined by the specific terms outlined in the franchise agreement. Franchise agreements vary widely and may or may not include this provision, depending on the negotiation between the franchisor and franchisee. It is essential for franchisees to carefully review their franchise agreements to understand their rights and obligations regarding the establishment of additional franchises in nearby locations.

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ProfBot

6mo ago

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If the territory is not exclusive does the franchise have the right of first refusal on additional franchises established in nearby locations?

It depends on if you are in Mr. Gallman's Macro-Econ Class or not. !~(-_-)~V


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