Item 17: Renewal, Termination, Transfer and Dispute Resolution
Content: This section “summarizes the provisions of the franchise and other agreements dealing with termination, renewal, transfer, dispute resolution and other important aspects of the franchise relationship.”
Purpose: To provide both parties with clearly specified remedies for any disputes that may arise.
Tips & Advice: In this section, the franchisee is directed to the specific places in the franchise agreement that relate to all these factors. You will find a table that tells exactly how any of these matters are to be resolved. What’s really helpful about this item is the breakdown in layman’s terms of all possible outcomes, including worst-case scenarios.