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...
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Is it important to review the franchise disclosure document?
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...
Tips for negotiating your franchise agreement
If you're considering starting a business in the sunny state of Florida, you may want to look into obtaining a franchise. Franchises are businesses that are focused on sustainable replication for business expansion. Before you can open a franchise store, you'll need...
Is your franchise territory exclusive or protected?
Defining your territory is vital when you sign up for a franchise. You do not need to mark out your boundaries physically. What you need is to define your territorial limits in your franchise agreement. Franchise document wording uses two terms to talk about...
Does your franchisor treat you the same as other franchisees?
As a franchisee, provided you do a good job, you would expect a fair shot when you apply for the franchise for further stores. You have as much right as anyone to apply to take on more premises. Some of McDonald’s franchisees claim this has not been the case....
How can you reduce the risk of construction defect claims?
A construction defect claim can make you want to give up and find a career where people are less liable to blame you for everything that goes wrong. If you work in construction long enough, you will come across issues. To reduce the chance that a client can hold you...
What to know before buying a franchise
Buying a franchise is a popular way to get into business ownership. Many entrepreneurs in Florida know that it can be easier to start off when they have a name that consumers recognize. Choosing what company to franchise with is a big decision, so it's a good idea to...
