Termination and Renewal Rights in Franchising

Termination and renewal rights in franchising refer to the legal agreements between a franchisor and a franchisee regarding how long the franchise relationship lasts and what happens when the contract ends. Termination rights define the conditions under which either party can end the agreement, typically including breach of contract or failure to meet performance standards. Renewal rights allow the franchisee to extend the contract after its initial term, often subject to certain conditions. Understanding these rights is crucial for franchisees to protect their investment and ensure business continuity.