Many people weigh the options of starting a business from scratch and simply buying a franchise business. However, there are some advantages and disadvantages of making either choice. This article will discuss how a franchise works, businesses that...
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When people think about the subject of a franchise, they often assume that it is a modern invention. However, this is not the case, and this article will discuss the basic history of the franchise in general and in the United States.
The notion...
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Before entering any business, a contract is signed. This is not different in the franchisor-franchisee relationship.
If you buy a franchise business, the best thing would be to conduct a franchise contact review.
You need to be aware of...
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Anyone starting up a franchise business needs skills to have such a business flourish.
While franchise business has opportunities for entrepreneurial growth, the journey starts with having the correct legal counsel.
If you want to buy a franchise,...
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An essential part of a franchisee’s business is the premise in which they operate. Before a franchisee signs a commercial lease agreement, similar to the franchise agreement, it is worthwhile to have an attorney review the often lengthy and...
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After the franchise agreement has run its course or is terminated, the relationship does not end immediately. For instance, the franchisor often has a non-compete clause in the franchise agreement that prevents the franchisee from operating a...
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The franchise agreement can be roughly synthesized as containing three main components: the pre-contractual requirements such as disclosure, the ongoing and post-contractual rights, and obligations of both the franchisee and franchisor.[1] The...
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There are many factors to consider when a business owner decides to expand. One of the big questions to answer is that the business will use the business format franchising model to expand?
In academic circles, franchising has been seen as a...
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COVID-19 has forced businesses to transition quickly into a new environment if they are going to make it. Here are some of the following recommendations franchise systems and, more specifically, restaurant franchise systems can implement.
First, it...
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There is new case law development regarding the use of force majeure provisions during the COVID-19 pandemic.
In the case In re Hitz Rest. Grp., one of the issues that the court had to decide was whether a restaurant’s force majeure provision...
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