Owning a franchise can be one of the quickest ways to dive into the broader business world. If you are a franchisee, you have instant access to an established brand and market. And if you are a franchisor, you earn from giving someone the right to benefit from your...
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Month: April 2023
Potential benefits of buying more franchise units
Franchising offers noteworthy benefits to both the franchisor and the franchisee. If you want to start a company under an established business name, using its products, knowledge and branding, consider this option. You may start with one location, but after gaining...
The Giant Has Awoken: Franchisors in FTC’s Crosshairs
In his April 2023, Franchising column in the New York Law Journal, Dady and Gardner, P.A. attorney, Ronald Gardner, analyzes the FTC Rule and reflects on his predictions on how the consequences of franchisor behavior would result in relationship and control changes...
4 common kinds of contract breaches that can hurt your franchise
Contracts are the backbones of franchises. However, if a contract is breached, it can cause serious damage to your business, no matter what kind of franchise you operate. To better understand how a contract may be breached, here are some of the basics you should know:...
Does someone need industry experience to buy a franchise?
It's common for people to assume that those who start, manage or own a business in a particular industry will likely feel passionate about that specific focus. For example, those who start a bookstore may have had a lifelong obsession with literature or science...