Franchise Business Relationship

Before looking for right Franchise Opportunities to get started, you must understand the nature of franchise business relationship! Federal Trade Commission (FTC) specifies that three key elements must exist in order for there to be a franchise business relationship:
1. The franchisor must grant limited rights to use the company’s trade name, service mark, logo, […]

Franchise Business Regulation

Despite franchising’s great reach in the United States, it wasn’t long ago that this way of doing business had a less-than-stellar reputation. That’s because with so much franchise opportunity came opportunists - those who abused relationships and left investors and customers holding the bag.
During the 1970s, 14 states - California, Hawaii, Illinois, Indiana, Maryland. Michigan, […]

Franchise Agreement

When you find any franchise opportunities and buy into a franchise system you sign a franchise agreement that spells out precisely what you are buying. You could be buying one franchise store or possibly the right to build several store locations. You also may be looking to buy the rights to own all the stores […]

The Role of Uniform Franchise Offering Circular (UFOC)

Franchising is a contract system between two parties-the franchisor and the franchisee. As with any contractual agreement, there are legal documents and agreements that must be followed by both parties. The first of these documents is called a UFOC, or Uniform Franchise Offering Circular. Essentially this document is a disclosure of specific types of information […]