August 20, 2018
When compiling the Franchise Disclosure Document (FDD), franchisors must consider closely the laws that shall apply to the franchise agreement. You want to be honest and transparent with prospective franchisees in the agreement, yet mindful and even somewhat strategic in drafting the FDD under state and federal laws. Here are a few things to keep in mind.
June 22, 2018
Signing a multi-unit agreement to buy several franchise territories can unlock fantastic savings on franchise fees and exponentially increase the opportunity for return on your investment. For example, if you agree to open up three pizza franchises, you will sign a standard franchise agreement for the first unit, and a separate multi-unit agreement to open all three units over a set period of time, usually at a discounted fee. You will also be required to provide notice to the Franchisor and execute two additional franchise agreements for territory two and three. It sounds simple and straightforward, but there are a few potential pitfalls to be aware of before agreeing to buy multiple units.