Remedies for the Termination of a Franchise | Franchise Law Blog

Remedies for the Termination of a Franchise

If you have sold a franchise in New York‚ franchise relationship laws offer remedies in the event of termination or non-renewal. These remedies will generally benefit the franchisee. An understanding of these laws may allow you to make a more informed decision when it comes to terminating a franchise in New York.

Remedies available under franchise statutes may include: 

Furthermore‚ a court may require compensation of a terminated franchise for lost profits‚ damages in the reasonable amount of the value of the business or other considerations. These things will be determined by a court according to the most current New York franchise laws.

Under some franchise laws‚ state authorities are also empowered to seek civil remedies and criminal actions.

If you have sold a franchise in New York‚ state laws may require good cause for the termination or non-renewal of the franchise. This means that in order to terminate a franchise in New York‚ you will have to prove good cause. Some people refer to this as the perpetual agreement issue‚ as it seems to ensure the likely continuation of the initial franchise agreement. A New York franchise lawyer will have knowledge of the most up-to-date franchise laws in New York and help you to assess your legal situation. 

Related Articles:

Category: Start 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