Term of franchise agreement of Arby's restaurant?

Social Studies

1 answer:

Nuetrik [128]2 years ago

3 0

Answer:

The length of the initial franchise term for a Traditional restaurant is up to 20 years, but may be less if the franchisee’s lease is shorter than 20 years or the franchisee purchased an existing company-owned restaurant and the franchisor does not own the property; or purchases an existing franchisee’s restaurant, in which case, the franchisee will either receive the balance of the term under the existing agreement or a 20-year term. For Non-Traditional restaurants, the initial term is equal to the shorter of 10 years or the term of the lease with the applicable airport authority, stadium or arena, or length of the lease for the licensed premises. If franchisees meet the approval criteria, they may receive a Successor License Agreement (which will be the standard form License Agreement [including the Guaranty Agreement] then current as of 12 months prior to the expiration date of the License Agreement and may have materially different terms and conditions than the previous License Agreement).

Explanation:

Hope this helps! Have a great day. Remember your amazing and you got this! Alycia <3

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