5 Factors to Consider when Terminating Your Hotel Franchise Agreement | Franchise Law Blog

5 Factors to Consider when Terminating Your Hotel Franchise Agreement

In a recent article on HotelNewsNow.com – "5 Ways to Leave your Franchise Agreement" – Shawn A. Turner identifies issues that hotel franchisees should consider when terminating a franchise agreement.

Like all franchisees the starting point for evaluating "termination issues" must start with your franchise agreement. This analysis should be followed by an assessment of the tangible assets and property rights associated with your hotel. In his article Mr. Turner provides some practical factors to consider‚ including:

Mr. Turner's points are valid and raise factors that franchisers must consider. Your franchise agreement is critical and prior to triggering any termination or default it is critical to plan and structure your "legal exit" from the franchise system. Also "furniture‚ fixtures and equipment" (branded and unbranded) consistently raise potential costs associated with a franchise transfer. Your obligations as to these assets must be carefully scrutinized.

Purchasing a Franchise

For information about purchasing a franchise request a free copy of "An Entrepreneurs Guide to Purchasing a Business or Franchise. For information on our Franchisee Protection Services please contact our office at 1-800-976-4904.

Related Articles:

Category: Buy a Franchise

Let's Talk

With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your brand. Click on the button below or call us at (800) 976-4904.

Let’s Talk

With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your business.

Fill out the following form and we’ll contact you as soon as possible. To reach our team directly, give us a call at (800) 976-4904.

An attorney client relationship is not established by submitting this initial contact information.

closeIcon