Book 32 · Part 1
Franchise Termination
Grounds and closure procedure.
A franchise relationship may end because of:
- Agreement expiry
- Mutual termination
- Serious breach
- Non-payment
- Brand misuse
- Regulatory breach
- Repeated audit failure
- Product safety issue
- Other contractual reasons
Termination procedure should cover:
- Written notice
- Cure period where applicable
- Final accounts
- Stock
- Equipment
- Confidential material
- Trademark removal
- Website / listing removal
- Customer database
- Signage removal
- Final audit
- Legal closure