There are extra procedures and paperwork to consider if the business you want to acquire is a franchise. This includes things like reading through the franchise agreement and giving serious thought to the commitments you are making. Franchise agreements are often strongly structured in favour of the franchisor. You should sign the contract only after you've done your due diligence and are confident in your understanding of the business's value and the scope of the protections the contract contains. A full or partial deposit, as specified in the contract, is generally paid at the time of signing, and a receipt for this amount must be received as confirmation of this transaction.

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