The franchise business will contact you by means of email and/ or telephone only to the email address and phone number you have provided.
By submitting the enquiry form you are consenting to send your personal information to the selected franchise business.
You also agree to receive further newsletter email marketing from What Franchise.
Is there a ‘cooling off’ period after signing a franchise agreement?
The short answer is no. Entering into a franchise agreement is an extremely important decision. Under no circumstances should it be rushed or should a franchisee be pressured into entering into a franchise agreement. Indeed, if any pressure is put on a franchisee that should sound a very large warning bell. What this means is that before a franchisee signs the franchise agreement, a franchisee will have carried out a huge amount of due diligence on the franchisor and would have obtained detailed legal advice on the terms of the franchise agreement. In the circumstances, why would a franchisee need a cooling off period? Almost always when the franchise agreement is signed by the franchisee, the franchisee is required to pay the initial fee, which will be a very substantial sum. At that stage the franchisor’s initial obligations kick in. These involve providing the franchisee with a manual, training and numerous other items. From a franchisor’s perspective, it would be unfair if a franchisee could look at all of the franchisor’s confidential information, quite possibly be trained by the franchisor and then decide that the franchise wasn’t for them.
You might also be interested in
Answered by Phil Archer
Phil Archer writes: The Bounce Back and CIBILs loans brought in last spring originally replaced the Enterprise... read more
Answered by John Pratt
John Pratt writes: First, you have to work out who is responsible for the poor performance because... read more
Answered by Louise Harris
Louise Harris writes: In respect of renewal fees, every franchise is different. Prospective franchisees are guided to... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: An experienced franchisor will know what works and what doesn’t work when marketing its... read more
Exciting Franchise Opportunities
Companies to Consider
In excess of £70,000
Yes via third parties, both bank finance and asset finance
Up to £230,000
£50,000 – £100,000 profit
Third party sources
Laser Clinics United Kingdom
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 2 years ago | 2 min read
Added 5 hours ago | 2 min read
Added one day ago | 2 min read
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
What Franchise Newsletter
Keep up to date with all the industry news