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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...
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...
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...
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....
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...
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....
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...
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...
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....
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...
