I signed a franchise agreement but never received a fully executed agreement back is that agreement still binding?
- The agreement specifically states that it will become effective and binding upon execution by the President, Vice President or Sales Director of Franchisor
- An initial franchise was paid which I am seeking repayment of.
- A franchise developer visited my area and we visited with potential clients. After going through two demonstrations after the developer left I learned that I would not be able to operate my business as expected due to state guidelines and future guidelines that would make my potential customer base even smaller. Due to this I'm told that I could protest the agreement (if it was fully executed) as a result of the purpose of the agreement being frustrated
