This Book Will Improve Your Negotiation Skills
Nov 21, 2021•8 min
Episode description
I used to own a quick service restaurant franchise.
We opened our doors to the public in 2014, and unceremoniously shut down the business in 2017.
Although we were only operational for 3 years, I signed a 10 year royalty agreement with the franchisor.
Naturally, a few months after we closed the business, the franchisor sued me for $60,449.91 to recover the royalties they would have collected over the remaining 7 years of my franchise agreement.
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