Checklist for Drafting a Franchise Application

It is essential to the success of a franchising arrangement, by both the franchisor and the franchisee, that there be a good match between the parties. A main step in helping to assure success is for the franchisor to obtain as much information as possible about a prospective franchisee's background, business experience, financial resources, commitment to success, goals, and the like. To this end, franchisors need to require prospective franchisees to complete detailed application forms.