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.
Close
What is an ‘intent to proceed’ agreement?
Intent to proceed agreements are optional agreements and may be entered into by a franchisee and franchisor before a franchise agreement is signed. It may also be referred to as a ‘territory reservation’ agreement. From the franchisee’s point of view, one of the main aims of the agreement is often to secure a territory in which the franchisee wishes to operate the franchise. It may therefore offer a degree of ‘exclusivity’ for a particular territory while final negotiations between the franchisee and franchisor continue, which means the franchisor will usually agree not to grant that particular territory to another franchisee while negotiations are underway. However, by signing an agreement there should be no obligation to proceed to signing the full franchise agreement if terms cannot be agreed. The agreement will also usually set a deadline by which the franchise agreement should be signed or the deal will not proceed. An agreement will almost certainly require the franchisee to pay a deposit. The franchisee should therefore ensure that the agreement provides that any deposit paid will be repaid if the full franchise agreement is not signed, or if it is signed, will count towards any initial fee or other fee payable by the franchisee under the franchise agreement. This is an area where the parties could easily find themselves in dispute. Therefore, it is crucial that any intent to proceed is set out in a written document and signed by both parties, especially where the franchisee pays a deposit.
You might also be interested in

Answered by Alan Wilkinson
Alan Wilkinson writes: When a franchisor recruits franchisees, it will have a set profile of the type... read more

Answered by John Pratt
John Pratt writes: There may be none if you’re not suited to dealing with businesses. Many people like... read more

Answered by Louise Harris
Louise Harris writes: Not all franchises are based on territories. Some may be split into business sectors,... read more

Answered by Renata Selley
Renata Selley writes: Your ‘year-end’ is the date when your franchise accounting period ends. Communication is king... read more
Exciting Franchise Opportunities

Start your own ServiceMaster Clean Commercial franchise
Yes
Find Out More£76,903 gross profit in year 2

Request Free Information
Send a free enquiry to ServiceMaster Clean Commercial for further information!

Start your own Entrepreneurs Circle franchise
Yes
Find Out More£161,580

Request Free Information
Send a free enquiry to Entrepreneurs Circle for further information!

Start your own ComputerXplorers franchise
Yes
Find Out MoreN/A

Request Free Information
Send a free enquiry to ComputerXplorers for further information!

Start your own NKD Pizza franchise
Yes
Find Out More£14,000 per week

Request Free Information
Send a free enquiry to NKD Pizza for further information!

Start your own Footlights Theatre School & Academy franchise
Yes
Find Out MoreN/A

Request Free Information
Send a free enquiry to Footlights Theatre School & Academy for further information!
Companies to Consider

Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
-
Brexit property investment myths BUSTED!
Added one year ago | 2 min read
-
Why take a gamble when you can invest in a proven brand?
Added 11 hours ago | 2 min read
-
Top tips for taking on staff
Added one day ago | 2 min read
Franchises by Minimum Investment
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
-
Under 10k
Starting a franchise doesn't have to be costly
Click here -
Under 20k
A mid-range investment for the more experienced
Click here -
Over 50k
If budget is not an issue, then don't miss these.
Click here -
Local Franchises
Find the perfect franchise in a location to suit you
Click here
What Franchise Newsletter
Keep up to date with all the industry news