Have You Been Given a Current FDD? Why does it matter? To sell a franchise in the United States, the franchisor must give all prospective buyers a Franchise Disclosure Document (FDD) that is required by the Federal Trade Commission. The FDD is not filed or reviewed by the FTC, but some states require that it […]
Want To Be a Franchisor
So You Think You Want to Be a Franchisor? Feel the Need to Franchise Your Business? FAQS Answered. I come from the Keep It Simple school of franchise law, and prefer to make franchising as uncomplicated as possible. But it is still not something you should jump into just because you think franchising is […]
Hot Legal Issues: Encroachment and the Internet
E-Commerce has opened a new frontier for the distribution of goods and services. Along with opportunity however, it also brings difficult decisions for many franchisors. Typically, the grant of a franchise includes some form of territorial rights. The extent of those rights is now being tested in many franchise systems. Example: If a franchisor establishes […]
The Franchise Buying Season: Do You Really Need an Attorney?
Why not just save a little money? The Internet is a tremendous source of information. A lot is written about franchises and franchising. Unfortunately, I am still waiting for the next gen to produce infallible Truth or Lies software. In the meantime, it is all about Truth or Dare. You can find a franchise agreement for […]
Franchisors – Do You Ever Read Your Franchise Agreement?
I often reviewing franchise offerings for people thinking of buying franchises. And I also write the same kinds of franchise documents for franchisors. This has forced me to face the consequences of certain types of clauses and the ethical implications of those creative clauses designed to protect the franchisor client in all circumstance. So I […]
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