Entering into a franchise agreement is a significant decision for any entrepreneur. This legal document will govern your relationship with the franchisor and impact your business for years to come. It is essential to approach this agreement with a critical eye and an...
Franchise Law
9 tips for negotiating leases when opening a franchise business
Opening a franchise business in New Jersey involves navigating various challenges. Negotiating lease terms with the landlord is one aspect that requires careful consideration. After all, the success of your franchise can largely depend on a favorable lease that aligns...
3 questions for franchisees to consider
One option for opening a business is to start a franchise. Part of opening a franchise is entering into a franchise contract. If you’re in this position, you have to ensure that you’re working with the franchise that will help you meet your business goals. There are...
Protecting the image of a franchise network
As franchisors, you are responsible for providing potential franchisees with all the essential details about the franchise opportunity they are eyeing. The Franchise Disclosure Document (FDD) plays a pivotal role in achieving this transparency. It lays bare intricate...
Did the franchisor wrongly terminate my franchise?
Opting for a franchise instead of starting your own brand from scratch provides several advantages. For one, the franchise’s established name means you might not have to spend too much money and effort on introducing and marketing the brand. However, franchising also...
Can franchisors terminate or refuse to renew my franchise?
Buying a franchise might let you avoid many challenges of starting your own business from scratch. For instance, because franchises usually already have an established market, you will likely have less difficulty introducing your brand or choosing your initial...
Why is a franchise disclosure document important?
Franchise owners must provide potential franchisees with a franchise disclosure document. The Federal Trade Commission requires this exchange to help ensure the potential buyer understands what he or she is purchasing. The FDD provides a range of information about the...
What are some important clauses in a franchise agreement?
Buying a franchise is a huge undertaking. While you may start off in a better place than building a business from the ground up, there are many details of the franchise agreement that you need to understand. You are taking on the job of representing a brand, which is...
Key steps to take when buying a franchise
A franchise is a possible choice if you want to start a new business. A franchised business comes with many benefits. If you own a franchise, you also must pay specific fees and comply with other obligations to stay in good standing. Before buying a franchise, you...
What happens if you default on a franchise agreement?
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...