Expanding from a single franchise business to a multi-unit empire can be a lucrative venture, but it also brings significant complexities. Understanding these challenges is crucial to handling the increased risks and achieving successful growth. From one to many:...
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IP in franchise agreements: What you need to know
Intellectual property (IP) is the lifeblood of a successful business. A franchisor's IP sets them apart from competitors, builds reputation and drives customer loyalty. That is why IP protection is a top priority for franchisors. As a franchisee, it is crucial to...
4 common pitfalls in franchise agreements
Franchising can be an excellent way for beginner entrepreneurs to start a business. Marketing costs are usually less as you no longer need to build the brand's reputation. Trial and error costs are reduced since the franchisor has borne this cost for you. They have...
5 franchise agreement clauses to watch out for
Starting a franchise can be a rewarding venture, but it comes with its own set of challenges. One of the biggest hurdles is understanding the franchise agreement. This legally binding document outlines the relationship between the franchisor and the franchisee. Some...
Can you sue your franchisor for false promises?
The franchising model can be an incredible path to business ownership. There are instances when a franchisor might oversell the opportunity. When disputes arise, parties may negotiate first and devise a solution to the problem. If that does not work, a natural step...
Two common sources of conflict between franchisors and franchisees
Embarking on a joint business venture involving a franchise calls for professionalism and for franchisors and franchisees to keep conflict to a minimum. Disagreements can be costly for all parties involved as it may disrupt day to day operations and affect the bottom...
Understanding the legal limits of franchisee advertising
Advertising is a powerful tool for franchisees to attract customers and grow their businesses. However, every franchise owner has to understand and adhere to strict legal limits for self-promotion. Franchise operators must abide by their franchise agreements and...
Dealing with a breach of fiduciary duties in a partnership
A breach of fiduciary duties in a partnership can lead to serious legal consequences and damage to the trust that partners place in one another. It is important to understand what these duties involve and how a breach can occur. Understanding fiduciary duties In a...
3 common ways that franchisors take advantage of franchisees
Franchising can be an appealing business model for aspiring entrepreneurs. This path offers the lucrative opportunity to run a business with the support of an established brand. However, potential franchisees need to be aware of the potential pitfalls they might...
Can you keep your business after a dispute with your franchisor?
Franchising can be an exciting way to start a business. Taking this path offers the opportunity to run your own enterprise while benefiting from the support and recognition of a larger brand. However, disputes between franchisees and franchisors can arise, putting the...
