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Franchisors often hold “Discovery Day” events in person and online so that potential franchisees can get to know more about them – and vice-versa. While many potential franchisees are concerned with impressing a franchisor, it’s important to use this opportunity to...
Risk is an unavoidable aspect of entrepreneurship, and all businesses have the potential to fail. However, since a franchise is a proven business model, many franchisees are easily misled into thinking that franchise businesses are somewhat immune to failure. Even...
As a franchisee, renewing your franchise agreement is a pivotal moment for several reasons. First, the renewal secures the continuation of your business operations under an established and recognized brand. Second, the terms set in the renewal can significantly impact...
A franchise agreement is a legally binding document that outlines the rights, responsibilities and operations the franchisor expects from the franchisee. The franchisor uses a franchise agreement so that the franchisee can use the business's intellectual property...
A franchise operation can be beneficial for all parties. The franchisee reaps the benefits of branding and support while the franchisor receives a fair price for the franchise sale. With that being said, disputes about franchise agreements can occur. Outlined below...
You’ve just been presented with what seems like a golden opportunity to buy into a franchise that seems to be exploding in popularity. The only problem is that they seem like they may be growing a little too fast. When it seems like there’s a shop or restaurant by...
Most everyone is familiar with the terms “franchisor” and “franchisee.” In some cases, however, franchisors will introduce a third tier by subfranchising their business in some territories. They do this by bringing in subfranchisors. They’re also sometimes known as...
As an entrepreneur, your goal is to invest in a business that will yield a profitable return. So, if you receive an invitation to attend a franchise discovery day, it's an opportunity you will want to take advantage of, especially if you know this business will help...
When a person or an organization creates a film, they are crafting a unique piece of intellectual property. Getting a license for this asset allows them to enter film distribution agreements. This is an agreement that grants the rights to use and distribute their...
Franchise situations involve the main company or franchisor and the people who buy their own stores or the franchisees. The franchisor provides a lot of guidance and assistance to the franchisee, but in the end, the new store is the franchisee's business to operate....
