The Entrepreneurial Lawyer’s Blog

Viewing posts from June, 2018

June 22, 2018

3 Key Franchisee Considerations Before Signing a Multi-Unit Agreement

Signing a multi-unit agreement to buy several franchise territories can unlock fantastic savings on franchise fees and exponentially increase the opportunity for return on your investment. For example, if you agree to open up three pizza franchises, you will sign a standard franchise agreement for the first unit, and a separate multi-unit agreement to open all three units over a set period of time, usually at a discounted fee. You will also be required to provide notice to the Franchisor and execute two additional franchise agreements for territory two and three.  It sounds simple and straightforward, but there are a few potential pitfalls to be aware of before agreeing to buy multiple units.