I recently started a business in California. It was a business a friend started in another state and had great success. He wanted to francise the business and asked my if I would help by starting a location in another state. So I moved to California to help create a west coast presence.
I signed a confidentiality agreement and the trademark licensing agreement before I made the move. But ever since I have been out here they have offered no support, there is no operations manual, and they keep changing all the rules. They now want franchise fees and royalty fees. Yet, they have done nothing but hold me back from progress. It seems they were not properly prepared to franchise like they implied they were.
They are now trying to make me sign more contracts stating they would be 75% owners of my location. This doesn't sound like a franchise, but more like a bad partnership. Now I am heavily invested into this location and have signed a years lease on a property. Is there anyway I can keep doing business, while separating myself and my operations from them?
Please help!! Any advice is greatly appreciated.
I signed a confidentiality agreement and the trademark licensing agreement before I made the move. But ever since I have been out here they have offered no support, there is no operations manual, and they keep changing all the rules. They now want franchise fees and royalty fees. Yet, they have done nothing but hold me back from progress. It seems they were not properly prepared to franchise like they implied they were.
They are now trying to make me sign more contracts stating they would be 75% owners of my location. This doesn't sound like a franchise, but more like a bad partnership. Now I am heavily invested into this location and have signed a years lease on a property. Is there anyway I can keep doing business, while separating myself and my operations from them?
Please help!! Any advice is greatly appreciated.