Introduction to Franchise Agreements Franchise agreements are legal contracts that allow a franchisor to grant certain rights and privileges to a franchisee to operate a business under their established brand. These agreements lay out the terms and conditions under which the franchisee can operate, including the duration of the agreement, payment obligations, and the rights …
How to create a franchise manual? The importance of a franchise manual is akin to a Bible; it outlines everything that a manager needs to know about ensuring that franchisees give an accurate service based on the brands they are responsible for. For many businesses, there is the concern that franchisees may misuse the brand …
What are franchise royalty fees? Franchise royalty fees are one of the biggest costs you’ll have to consider when purchasing a franchise, and you should pay close attention to them before you sign your franchise agreement. But what exactly are franchise royalty fees? And how much should they be? Here are some answers to common …
Franchise Tax: What You Need to Know Famous Einstein once share his thought about tax filing and say, ‘it is difficult for a mathematician. Probably it takes a philosopher to answer that’. Though he is not a franchisee, it is still surprising to see that many franchising folks are caught up with his idea and …
The royalty fee is an ongoing payment that a franchisee pays to the franchisor. The terms of the payment are usually determined in the contract between the two parties; however, it is common for the royalty fees to be paid weekly, monthly or quarterly and is typically a percentage of the gross sales earned by …
No business work is completed without documentation, both the franchisor and the franchise needs to compile certain papers for a legal purpose. One of the most important legal document is known as the Franchise Disclosure Document. This document is maintained by the franchisor to facilitate individuals interested in acquiring their franchise. In the franchise disclosure …
3 Reasons Why You Need a Franchise Broker A professional travel agent will ask you relevant questions before booking a trip for you. If they have relevant information available, they will match the right package for their client. A franchise UK broker operates in the same manner. It is their job to learn as much …
Difference Between Licensing Agreement Vs Franchising Agreement Many people get confused regarding the differences between licensing and franchising. The confusion can also stem from the fact that the principles of licensing and franchising often overlap. However, there are certain dissimilarities between licensing and franchising that can make one option more suited to an individual than …
Asset Management The Key To Successful Retirement Planning The experts at St Joseph’s Asset Management have created for Franchise-UK an exclusive series of articles containing useful information about Asset Management. With our modern lifestyles, often we are so busy dealing with day to day pressures we put off focusing on the future. One thing for …
Once you’ve decided on a Franchise, you may need to pay a franchise deposit to secure a territory and this usually involves signing a franchise deposit agreement. This is not to be confused with the actual Franchise agreement, which is completed later on, but is another more serious step towards the final commitment of becoming …
The Australian Associated Press reports that franchise owners may have to give more warnings to prospective franchisees, after the government announced a review of the franchising code of conduct. Small Business Minister Fran Bailey said the government would review the disclosures section of the code, which relates to the information franchisers must disclose to prospective …
It’s the time of year for spring showers, but at Birkett Long it’s raining franchise lawyers with further increases to the firm’s legally qualified staff. Annie Luckin and Emma Hopkins are two new solicitors who have recently joined the commercial property team. Annie Luckin has a joint honours degree in Agri-Business Management and marketing and worked …