Territorial restrictions in franchise agreements define where a franchisee can operate their business. These clauses aim to protect you from competition within your own brand. However, this can also limit your business's growth potential. The benefits of territorial...
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Can performance metrics put your franchise renewal at risk?
Your franchise agreement's renewal often hangs in the balance of performance metrics. These benchmarks, set by your franchisor, can make or break your ability to continue operating your business. Understanding how these metrics impact your renewal rights is crucial...
Red flags to watch out for when choosing a franchise to invest in
Franchising can be a profitable business to get into. However, it can also be a headache and lead to losses if you choose the wrong franchise. Here are some of the top signs a franchise may not be as good an investment opportunity as the franchisor claims it is: No...
Exploring the FTC’s Franchise Rule more closely
Are you considering expanding your business through franchising or investing in a franchise opportunity? Understanding federal franchise law is crucial for both franchisors and franchisees. The Federal Trade Commission mandates franchisors to follow specific franchise...
What happens when you want to sell your franchise
If you own a franchise, you have likely invested a lot of your time, effort and resources into growing the business. Eventually, you may reach a point where you want to sell your franchise, whether due to retirement, a change in personal circumstances or simply a...
How are restaurant franchisees adjusting to 2024’s economy?
Restaurant franchisees are facing a difficult economic environment in 2024. With inflation, labor shortages, and shifting customer preferences, many are adapting in innovative ways to stay competitive and maintain profitability. Adjusting pricing strategies...
How can you build a strong cannibalization claim against your franchisor?
Franchise cannibalization can be a severe issue for franchisees. It happens when a franchisor opens new locations too close to existing franchises. It causes a drop in sales and market share for the original stores. If you suspect your franchisor of cannibalization,...
Why Florida attracts so many restaurant franchises
Orlando has become a hotspot for national restaurant franchises. The city attracts brands eager to tap into its growing market. What draws these businesses to Orlando, and what legal factors make Florida so appealing for franchises? Booming tourism industry Orlando...
What should you consider when moving from a single to a multi-unit franchise?
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:...
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...
