Your local partner
You are about to start your business in joining abroad a French or foreign sign.
In the first case, which is simpler, you can easily find out about the brand and request information from existing franchisees, whether they are in France or abroad.
In the case of a sign of french franchiseyou can sign a contract subject to French law.
In the case of a foreign franchisor, you need to gather as much information as possible. Your franchisor is not subject to the obligations of French law.
If it is a european franchisor, you can refer to the Code of Ethics of the European Franchise Federation. Otherwise, you can inquire with the local Federations whose contact details you will find on the site of the French Franchise Federation.
One thing is certain: you must ensure the seriousness and robustness of your partner.
Your franchise agreement
If you sign a contract subject to French law, it will be easy for you to refer to the models of standard contracts or get advice from your banker, accountant or lawyer.
If you sign a contract subject to foreign law, make sure, with a specialized lawyer, that it is as complete as possible. In the absence of uniform international rules, it will have to describe the obligations of the 2 parties in the smallest detail.
Do not leave anything to chance. Everything must be mentioned, for example the renewal conditions or of exit from contract. The costs must of course be precise and correctly defined.
Choose your advisors
You will need to surround yourself with professional advisers. Determine the networks that can help you.
Do not hesitate to contact the economic services of embassies of France, the Professional federations or your local bank branch. Choose recommended local experts and do not hesitate to ask them for references.
You will be charged for these services. Do not forget to provide for them in your provisional accounts.
Our tips:
If you feel a lack of cooperation from your foreign franchisor in passing on information to you, ask yourself if he is really the ideal partner.