Franchise agreement forms must be signed when you begin your franchise relationship or renew it and each time it pays to review what is in those important documents.

Franchise agreement forms can be intimidating. When you set out to realize your dream of franchising a business , that vision is not of filling out a bunch of complicated legal forms. Whether you are new to the franchising game or coming back for renewal, you may greet the arrival of those franchise agreement forms with a massive groan.  But let that groan out and get it out of your system and then get a cup of coffee and read those franchise documents carefully. You will wind up in a stronger relationship with your franchisee if you do that.

There is always the impulse to get in a big hurry in your haste to want to get that franchise open fast.  Taking your time to work through your franchise agreement forms should not be seen as a nuisance.  One way to find the motivation to read every paragraph and line of those franchise agreement forms is to look for the areas of responsibility.  First of all, discover in what ways you must salute the flag of the franchisee company. Franchising a company is about much more than just hanging their sign outside the building and wearing the corporate logo on your uniform shirt.

But of greater interest to you is where the franchisee will earn their money you pay to buy the franchise and to keep paying those franchise royalties each month. There are ton of benefits to the franchisor that you get by getting into bed, so to speak, with a successful business as a franchisor. Those benefits will include training, products and advertising as well as the deep wells of wisdom the franchisee brings to the table to help you become a big success.

All of that is buried in the franchise agreement forms. Dig deep when you read through the franchise agreement forms and read them several times.  When you can virtually quote those documents chapter and verse, you will open the doors of your new franchise business with much greater confidence.

Renewal franchise agreement forms need love too.

Franchise agreement forms are not lifelong contracts.  Every so often, a time comes where both parties have a chance to step back and consider if this experiment in getting rich is working.  When those renewal franchise agreement forms show up in the mail, it is not a reason to panic.

The arrival of renewal franchise agreement forms is a chance to look at the time you have owned that business to make a decision about whether it is all living up to the grand dreams you had before you sign another set of franchising agreements to take on another tour of duty. It is a chance for you to give an honest assessment of whether the franchisee is giving you the support and service you need to be a success.

It is also a chance to take a good honest look at whether this is the franchise for you. If you decide your money making efforts would be better used elsewhere, you can always let the franchise expire and sign up with a different franchisee and put your years of hard fought experience to good use.