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All contracts have an implied covenant of “good faith and fair dealing” between the parties involved that’s designed to encourage equity and fair play. Understanding what this means can help you both avoid significant legal problems and know your rights in a dispute....
Buying into a franchise can sound somewhat restrictive when you're thinking of starting a business. While you still retain control over your company, you have to follow the rules set down by the franchise itself. You do not get to make nearly as many creative...
Nearly all business opportunities come with at least some financial risk. Purchasing and operating a franchise is no exception. Many Americans mistakenly believe that franchise opportunities have no or few associated risks. Unfortunately, this is far from the case....
When many people think of intellectual property (IP) rights, they often think of patents, copywritten books, movies or music or registered trademarks such as logos for their favorite brands. Few people understand the full breadth of proprietary items or artistic works...
If you're looking for a new career, a way to earn extra money, or both, you might consider buying a franchise in Florida. Before making this type of decision, it's a good idea to learn about franchise fees. These are fees you must pay to become a franchisee. With that...
If you live in Florida and are the founder of a business, you may have at least one co-founder with whom you shared the startup costs. No doubt you also share the profits, benefits and various day-to-day operational responsibilities. Over time, disputes between you...
We’ve all seen the viral videos of the various egregious and often racially tinged incidents featuring an individual whose rights are being trampled by the employee(s) of a nationally known franchise. When this occurs, the franchisors must act quickly to rein in the...
Owning a franchise can offer you many potential advantages. The most valuable possible benefit is receiving high returns on your investment in the business opportunity. Many franchise owners in Florida enjoy a lucrative income from operating franchised businesses....
Franchise owners in Florida are wise to have a business interruption insurance policy. Examples of negative occurrences that a policy typically covers are fire, lightning, wind, falling objects and theft. You can get business interruption insurance either on its own...
Franchise disclosure documents, or FDDs, describe your relationship as a franchisee with your franchisor. The documents detail out the benefits of working together as well as information about the opportunity. The franchise disclosure document is present before you...
