The heads of agreement template is an outstanding tool to use if it looks like you might lose a franchise buyer because of the conventional franchise documents.

The heads of agreement template gives you yet one more way to get around problems that can come up during franchise negotiations. The steps you go through when franchising a company are pretty straight forward. But each step of the way, the franchise applicant and you must agree to the terms laid out in the franchise documents.  Most of the time, it is not difficult to get an agreement on how the terms of the franchise relationship will work.  But there are times when it takes an extra effort.

You do invest time and energy into the preparations to bring a new franchise owner into your empire. If talks break down as you inch closer and closer to signing of franchise agreements,  you may not want to throw all of that hard work into the trash. A good franchise owner can be a gold mine to your plans to expand your business rapidly.  So it is worth it to invest in a workaround when it might be the structure of the standard franchise documents is getting underfoot.

This is where the heads of agreement template kicks in. It is a tool that is not just used in franchise negotiations. The heads of agreement template has helped business people hash out all kinds of agreements and high powered deals. So there is no reason that this useful tool cannot also help you settle the points of argument between you and the future franchise owner to get that franchise outlet up and running quickly.

Using the heads of agreement template as a tool means you are in control of the tool.

When you first begin to look over a heads of agreement template, the complexity of it can send you running out of the room.  Keep in mind that every aspect of the heads of agreement template is there for you to use if it makes sense in light of what you are trying to pull off with your franchise owner.  But also keep in mind that the language of the heads of agreement should be language that regular humans who are not law experts can understand.  At the same time, the heads of agreement template is just as legally binding as the franchise agreement. Whether you use it as a replacement for the franchise agreement or a supplement, when you and the franchise owner sign on the dotted line, the heads of agreement template becomes the law of the land.

If your franchise owner has been banging around the business world for a while, they know the power of the heads of agreement template.  So if the talks between you and that franchise owner are going on the rocks, you could jump start that relationship big time by switching to the heads of agreement template and hash out your differences under that format.