Starting a business can be tough, which is why many people choose to get into a franchise. A franchise is a business packaged and ready to go. It ties into a well-known brand name, so half of the work of drumming up a customer base is already done for you. Not to...
Franchise Law
When may a franchise agreement need revisions?
By entering into a standardized franchise contract, you may agree to terms that benefit the franchisor at your expense. A careful review of a contract may help to identify issues that you may ask the franchisor to revise before signing. As noted by Franchise.com,...
What to consider in a franchise exit strategy
Some entrepreneurs are eager to get started with buying into a business franchise. However, they might fail to consider how they can exit their franchise sometime down the road. Having an exit strategy is important for a business owner, and a franchise owner is no...
What could lead to a default on an operating agreement?
Owning a franchise means carefully abiding by the franchise agreement. If you or the other party defaults, it can lead to legal issues and the ending of the agreement. You should follow the agreement exactly to avoid breaches, but sometimes breaches happen. The...
What are the important points of an FDD?
If you want to open a franchise, you will need to sign a Franchise Disclosure Document. The FDD will give you information about the franchisor and allow you to make an informed decision about the overall deal. The International Franchise Association explains there are...
Franchising basics that are important to understand
Franchise opportunities are one way to start a business or grow a business. As a result, those considering pursuing a franchise opportunity should be familiar with the ins and outs of franchises so they can determine if a franchise is the best option for them. A...
