QUESTION
Can a company sell a franchise that another person purchased 14 years ago?
Asked on Sep 10th, 2012 on Patents - Nebraska
More details to this question:
I bought a franchise of a company for 30k in 1998. I'm interested in selling the franchise now and I have a feeling the company has sold the area I purchased back in 1998 can they sell that territory without contacting me?
3 ANSWERS
Alternative Dispute Resolution Attorney serving Austin, TX
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Law Offices of Steven D. Urban
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It usually depends upon the wording of your franchise agreement.
Answered on Jun 28th, 2013 at 12:19 AM
Intellectual Property Attorney serving South Jordan, UT
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Pearson Butler
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It all depends on what your original franchise agreement said.
Answered on Jun 28th, 2013 at 12:04 AM
Check the terms in your franchise contract. It should describe how a franchise can be terminated and whether you have the right to sell it or the company does.
Answered on Sep 14th, 2012 at 11:29 AM