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....
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Could brand abuse or piracy warrant intellectual property infringement litigation?
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...
What fees can I expect when starting a franchise?
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...
What business disputes look like and what to do about them
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...
When a franchisee goes viral for all the wrong reasons
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...
Watch out for signs that a franchise opportunity is not good
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....
What expenses could a business interruption insurance policy cover?
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...
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...