Below you'll find a list of all posts that have been tagged as “franchise law”
A multitude of factors need thorough consideration before choosing to become a franchisee. Depending on what type of franchise opportunity you wish to pursue, one of those details may involve negotiating a lease agreement for your store. Because three parties have needs and risks, this can become quite a tangled process. What potential difficulties might you expect as you scout …
As a business owner, you studied, planned, borrowed (probably), worked hard and developed a successful, repeatable business model. Perhaps you already sell franchises or have arrived at the point where you know you should. With the entrepreneurial spirit deeply ingrained in the American culture, you’ll receive many requests for information about your franchising opportunities. How often do potential investors ask if you offer a “starter kit” or scaled …
When you start shopping around and comparing franchise opportunities, how you’re going to exit the business is probably the last thing on your mind. Unless you really want to spend the rest of your life running the same business, it’s useful to start considering how you might transition into something else after your business becomes successful enough to run without …
A Franchise Advisory Council (FAC) is a committee of franchisees who, together, provide the franchisor with input as well as insight on how to improve the system. Generally, a group of franchisees, which are those that operate a location under the franchise agreement, come together to create this type of panel. It provides outstanding advice and guidance to the franchising …
Every component of a franchise contract is important. However, there are some portions of the franchise disclosure document that seem to be more valuable to understand than others. For example, Item 19 of the franchise disclosure document is one of the most important, and most complex, sections. It is essential for anyone entering a franchise agreement to understand, though. So …
Buying a franchise could be your goal, but is it a profitable option for you? Many people today want to own a business, but they don’t want to struggle through the turmoil of a startup. Plus, you may not really have a new concept that’s ready to go. Franchising gets you in the door and making money sooner. Consider these …
