In recent years, franchisees have faced increasing concerns over encroachment from their franchisors. When not handled properly, franchise encroachment can virtually cripple a franchisee, making it nearly impossible to have the kind of success they hoped for when...
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Can you negotiate your franchise?
If you want to take out a franchise, you need to sign a contract. Once you sign, you are bound by the terms of that contract. That does not, however, mean you cannot seek to change it. The best time to seek alterations to a franchise deal is before you sign the...
Reasons why a franchisee may sue the franchisor
The marketing material and promises made by franchisors to potential franchisees are often glowing. However, once a franchise is purchased, sometimes, the franchisee finds out that the franchisors have over-promised and under-delivered. More than just poor...
How do non-disparagement clauses work?
Contracts between companies and their high-level employees or between franchisors and their franchisees can include a lot of different clauses. One of these is likely to be a non-disparagement clause. This type of clause prohibits the party bound by the agreement from...
What does the covenant of “good faith and fair dealing” mean in a contract, and can it be waived?
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....
What are the benefits of buying into a franchise?
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...
Beware of risks if you want to purchase a franchise
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....
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...
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....
