Restaurant Franchising, 3rd Edition

140 Restaurant Franchising

9. Financial Records. This section deals with the maintaining and preserv-

ing of records, books, accounts, and tax returns, which may be audited by

the franchisor. Necessary forms and accounting procedures are outlined

by the franchisors. This constitutes an important part of the agreement,

and both franchisor and franchisee should give careful consideration to

the clause(s) under this item.

10. Training. The franchise agreement should include details of the training

program as to the type of training, location, duration, and expenses to

be paid by the franchisee. Also included should be the information on

initial ...