Is There A Way To Legally Revamp My Franchise?

StartupSmart:

I read your story on the Cold Rock franchisees who got put into administration for rebranding the business.

Is there a way that you can legally do this, as a franchisee? I feel the franchise I work for could do with a make-over, but my franchisor isn’t keen.

As the article highlights, as a franchisee, you need to tread very carefully if you are planning to leave the franchise to operate a similar business.

Often franchise agreements contain clauses which protect the franchisor against a franchisee leaving the franchise and subsequently competing with it.

These are known as “non-compete” and “restraint of trade” clauses.

Continue reading this article here.