Franchise Termination

Franchise termination refers to the ending of a franchise agreement between a franchisor and a franchisee. This can happen for various reasons, such as failure to meet contractual obligations, non-payment of fees, or violation of brand standards. Depending on the situation, either party may initiate termination. Franchise law typically requires that both parties are given notice and an opportunity to address any issues before termination occurs. Understanding the terms of the franchise agreement is crucial, as it outlines the specific conditions and processes for termination, protecting the rights of both the franchisor and franchisee.