Schuyler 'Rocky' Reidel How have non-compete agreements in franchising been reshaped by the FTC’s new rule? While protecting trade secrets and franchisor brands, these agreements have always been central to franchise relationships. The latest FTC regulation introduces significant changes. This article delivers a precise exploration of these changes and how they stand to realign non-competitive agreements, guiding franchisors … Read more
If you’re on the brink of signing a franchise agreement, you might be asking: do I need my FDD reviewed? The answer is unequivocally yes. The Franchise Disclosure Document (FDD) is a crucial legal document that details every aspect of a franchise opportunity, and overlooking its complexities can lead to unforeseen legal and financial pitfalls. … Read more
Confused about “franchise terms confused license and franchise”? This article directly addresses the crucial distinctions that define each model. Expect a concise breakdown of the responsibilities, costs, and legal factors unique to licensing and franchising—no fluff, just the clear information you need to make an empowered choice for your business. Key Takeaways Franchise agreements enable … Read more
Looking to buy or sell an existing franchise? How to handle franchise resales without getting overwhelmed is key. This straightforward guide will take you through the critical steps of due diligence, valuation, and legal considerations to assure a seamless transition and a profitable deal. Get ready for actionable advice that demystifies the resale process and … Read more
If you’re involved in a franchise agreement, understanding the cross default clause is pivotal. This clause dictates what happens if a party falls short in one contract, affecting other related contracts. It’s a defense mechanism designed to protect the entire franchise’s contractual ecosystem from potential fallout. By grasping “the importance of cross default clause in … Read more
Are you weighing the options between obtaining a license and starting a franchise? Directly speaking, “what is the difference between a license and a franchise?” A license allows you to use someone’s intellectual property, providing a degree of independence, while a franchise offers you an established business model and brand, with more defined operational guidelines … Read more
Can a franchisee terminate a franchise agreement? The answer is yes, under certain circumstances. This pivotal decision, governed by the original contract and state laws, may have serious implications for your business. We’ll guide you through the often complex termination process, including legal considerations and potential alternatives to dissolving your franchise relationship. Key Takeaways Franchisees … Read more
Are you trying to decode Item 19 of an FDD? This essential part of the Franchise Disclosure Document offers potential financial performance data crucial to your investment decision. In our guide to understand Item 19 of an FDD, we’ll walk you through this section’s key elements, ensuring you’re well-equipped to dissect the figures and projections … Read more
A “what is a franchise business review” is a critical analysis of a franchise system that offers potential investors deep insights into its financial health, operational culture, and overall franchisee satisfaction. This review aids in making an informed decision when choosing a franchise to invest in, highlighting strengths and potential risks. As an entrepreneur exploring … Read more
As a franchisor or franchisee, it’s imperative to identify what is franchise registration states—jurisdictions requiring specific regulatory compliance before you can sell or buy a franchise. This article cuts straight to the chase, detailing these states, outlining the registration process, fees, and the all-important Franchise Disclosure Document (FDD). Stay tuned for a roadmap through the … Read more
