This form is a franchise registration renewal questionnare. The form contains sections concerning the franchisor, business experience, and litigation.
Missouri Franchise Registration Renewal Questionnaire
Category:
State:
Multi-State
Control #:
US-1-03-STP
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Franchise Registration Renewal Questionnaire?
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FAQ
A renewal fee is the fee a franchisee is often asked to pay if they wish to renew their franchise agreement when the initial term or any subsequent renewed term comes to an end - provided the franchisor agrees to the renewal.
Missouri is classified as a non-registration state, as there are no currently enacted laws requiring franchisors to register with the state as a franchise or business opportunity, or to provide disclosures to franchisees beyond what is already required by the Federal Trade Commission Amended Franchise Rule, 16 C.F.R.
Because once the agreement ends, you will lose the right to operate the business using the franchise products and branding unless you sign another agreement. You need to make sure you understand what your rights are to renew your franchise agreement so you don't find yourself without a business!
The great majority of franchise agreements contain a renewal clause that allows franchisees to require their franchise agreements be renewed. Usually, the only exceptions are those franchise agreements that are granted for 20 years or more.
If you are renewing the franchise, you need to update your business plan, review your financials, and implement any changes or improvements required by the franchisor. You also need to sign a new franchise agreement and pay any fees or charges.
In summary, you're only required to pay your initial franchise fee when you sign your franchise agreement. This is a one-time payment that gives you a license to own and operate your franchise business for an agreed upon number of years.
