Section 3 of Item 11 lists the franchisor’s post- opening obligations to the franchisee during the term of the franchise agreement. We specifically need to state your obligations regarding:
- Managing Brand Funds
- Setting Prices
- Developing Products and Services that franchisees will offer to customers
- Improving or developing the franchisee’s franchise business
- Establishing administrative procedures, inventory controls, or accounting standards
- Resolving operational problems
We will draft this section of your Item 11 based on the franchisor’s post-opening obligations contained in the franchise agreement.