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Buying a franchise means owning your own business. That doesn't mean you own it forever. Learn how contract renewals work for franchise owners here.
One of the biggest perks of buying a franchise is licensing rights. Consumers are familiar with it and you can rely on that to be successful.
An important document to review is the franchise disclosure document (FDD). You have a right to this document and should ask for it before you decide whether or not you want to make a franchise purchase.
Remember, your rights as a franchise owner are not always included in a franchise agreement beyond the basics. You have the right to read your franchise agreement and ask that it be revised to address any further rights you are not clear about.
No matter which franchise you decide to buy, you will be faced with the franchise agreement. It's an important document that should be talked about.
