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WHAT HAPPENS IF THE FRANCHISOR GOES BANKRUPT? standard

For the past three years I have been working on a book, chronicling my experiences as a franchisee and sharing the experiences of other franchisees in a broad variety of industries. As you would expect as a business coach I am often sought out by new business start-ups, many of whom are exploring a franchised business. One of the most frequently asked questions is: What happens if the Franchisor goes bankrupt? In the up-and-down economy we have been dealing with it has been proven that no business is 100 percent safe from failure. In the case of a franchisor declaring bankruptcy, the franchisees face a unique set of challenges. The relationship between franchisor and franchisees is one in which the parent ...

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