Franchise Territory Agreement How Do Franchisors Decide on The Territory Franchisors will set the territory depending on the market and location According to Chron the common territory division is based on location zip codes and distance and population
This is known as an exclusive territory clause Many franchisees find the inclusion of this clause desirable as it often secures better financial returns For effective royalty management for a franchisor it is imperative to explore whether awarding the clause aligns with your business interests and negotiate with the franchisee on that basis Franchise agreements are legal documents between a franchisor and a franchisee They generally include franchise disclosure documents FDDs governed by the Federal Trade Commissions FTC Franchise Rule What is the FTC Franchise Rule
Franchise Territory Agreement
Franchise Territory Agreement
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What Is An Exclusive Territory We define exclusive territory as a territory where another franchisee can t open other locations within your territory In other words your organization is the only licensed business to operate in the pre assigned area Jeffrey M Goldstein is a franchise lawyer with over 30 years experience who represents new and existing franchisees nationwide To find out what your franchise agreement really says about your territory and to find out if you may be able to negotiate for better protections please call 202 293 3947 or request a free consultation online
What do you need to look for regarding franchise territory rights in the Franchise Agreement First of all verify whether the franchisor designates exclusive territories and exactly how it s defined For instance does the exclusivity apply to a geographic area with specific designated borders such as a county or square mile limit A franchisee s territory represents the foundation of their business It s where their customers revenues and increased growth will come from A territory that s too small can restrict the
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Master Franchise Agreement Template
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A franchise agreement is a license that establishes the rights and obligations of the franchisor and the franchisee This agreement is designed to protect the franchisor s intellectual property IP and ensure consistency in how each of its licensees operates under its brand Often discounts are given on the franchise fees for the second third etc territories when a multi territory agreement is chosen Ownership of prime franchise territory can boost the value of your business On the flip side a territory can also limit the owner s growth and future path
Contact National Franchise Lawyer Jeffrey M Goldstein For more information about negotiating a franchise agreement or enforcing your existing territorial rights contact Goldstein Law Firm for a free confidential consultation Call 202 293 3947 or contact us online to schedule an appointment with attorney Jeff Goldstein today An exclusive territory franchise agreement typically means the franchisor agrees not to open another franchise within a specified geographic area This type of agreement ensures that the franchisee has the sole right to operate and market the brand within that designated region
USA Franchise Area Development Agreement Legal Forms And Business
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Franchise Territory Agreement - Jeffrey M Goldstein is a franchise lawyer with over 30 years experience who represents new and existing franchisees nationwide To find out what your franchise agreement really says about your territory and to find out if you may be able to negotiate for better protections please call 202 293 3947 or request a free consultation online