Tips Your Franchisor Forgot To Mention
Excitement runs high when operating your very first franchise. But as time goes on, hiccups may dim the light you initially felt. This is normal and shouldn’t lead to frustration. Knowing some hidden tidbits your franchisor may have missed during early talks can help. By the end of your reading expect your light to once […]
Franchise Agreement Terms To Pay Attention To: Part 1
Benefits abound when taking on established branding, processes, marketing, and other business activities from a franchise. It gives franchisees like yourself a solid foundation and allows you to then use your unique leadership style to grow the business. There’s just one thing. Before hiring an attorney to help you solidify an agreement, there’s some terms […]
When the Franchise Relationship Breaks Down
Managing franchise relationships is a key indication of how successful a franchise system will be. Every franchise system is only as strong as its weakest franchise franchisee and that relationship is paramount to succeeding as a franchisor. While being proactive as a franchisor can quell any potential franchise relationship issues early on, what are the […]
Protecting Your IP as a Franchisor
Protecting Your IP as a Franchisor As you build your franchise system and brand, protecting your intellectual property from imitators, rogue franchisees, and even inadvertent infringement is imperative to a successful and growing franchise. The trademarks and brand are an essential element to what makes a franchise system attractive to potential franchisees and even your […]
Why Have a Professional Review My FDD?
Why Have a Professional Review My FDD? Typically one of the first questions I hear from any potential franchisees reaching out to Reidel Law Firm to inquire about the FDD review process. Franchisors, in my experience, will recommend that they have the FDD reviewed by an attorney but will then qualify it by saying that […]
How to Craft a Franchise Compliance Program
How to Craft a Franchise Compliance Program Franchise compliance should be the top concern of any existing or potential franchisor. Many experienced business people jump into the franchise model without fully understanding the rules, regulations, and penalties for a poorly implemented franchise system. The franchise industry is very regulated compared to the typical business environment […]
Franchising and the E-2 Visa
Franchising and the E-2 Visa The United States attracts many business owners and investors each year seeking to secure their wealth and future through America’s robust private sector and private property protections. For foreign nationals the US remains the premier offshore wealth and asset protection and investment haven. One of the major benefits of starting […]
Do I Need My FDD Reviewed?
Do I Need my FDD Reviewed? Any prospective franchisee will receive a Franchise Disclosure Document (FDD) from the franchisor which explains and details the franchise offering. This document is an important source of information in your decision to move forward with the franchise system or not. It is important to recognize that the FDD is […]