As used in this article, “refranchising” means the sale of company-operated units to purchasers who become franchisees operating the units as franchise stores.
Structuring a Refranchising Program
There are several things that a franchisor can do in structuring its refranchising program to reduce the likelihood of disputes and litigation. This article discusses the presale market identification and internal due diligence and initial marketing process that culminates in the execution of a letter of intent ("LOI").
By
Martin L. CampThis premium content is locked for LawJournalNewsletters subscribers only
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