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Showing posts from October, 2018

Things to Be Mindful of in a Franchise Agreement

Owning a franchise could be considered a safe option in business. It is like starting your own business, under the umbrella of a business whose role is to offer you a ready platform of operation. There is no easier way to setup a shop and start selling than through Canadian franchise . But as straightforward as it seems, there are some things that you need to work on in a franchise, failing which you can end up in the wrong business, worse still lose the entire investment. It is the franchise agreement that makes and breaks things in franchise business. To avoid any untoward circumstance, you need to read the agreement cover and make sure that you are crystal clear about every term typed out in the page. Just to make sure that you understand it, the franchise agreement is a formal contract shared between a franchisor and a franchisee where in all clauses of the contract are laid out. It is signed on a day following the discovery day. The contract is one’s legal right to own