Franchise

Franchising is a popular business endeavor for entrepreneurs. According to the International Franchise Association (IFA), in 2000 franchisors and franchisees accounted for one trillion in annual United States retail sales. In addition franchising business accounted for forty-percent of all United States retail sales. Not all franchises, however, do well. Many people want to become the next Bill Gates, but many laypersons do not recognize that a "franchise is a system of business operations that, more often than not, will permit a person who operates the franchise properly to succeed in achieving a reasonable profit." Therefore, potential franchisees should consult an attorney on all matters involving the franchise. And, possibly hire an accountant. In addition, potential franchisees should thoroughly investigate their investment. Taking these necessary steps is the only way to make good business decisions and also to limit litigation.
This article examines the need of franchisees to seek the advice of an attorney. This article will first explain the role of an attorney in the complex process of owning a franchise.



	Franchise Contracts natural monopoly .... Beside these two bidding processes, there are two forms of franchise contracts that recall the main problem of the natural monopoly, which is the cost to enter .... (1848 7 )

	Franchising The franchise that we did our project on is Mr. Rooter. .... The franchise fee is $22,500. Advertising and Promotion will cost between $2,000 and $4,000. .... (341 1 )

	Frachising .... There is a big line of costs and fees the person has to pay to start and keep the franchise business. The fees quoted by the franchise .... (1088 4 )

	Franchising .... associates. I got two different answers. I was told to buy a franchise from some and become a network marketer from others. These .... (1962 8 )

	Hooters .... They now had to make a rather important decision, which ultimately led to the overall success of their franchise. They had to come up with a name. .... (531 2 )

There are fifteen states--California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and WIsconsin--that regualate offers and sales of franchises under statutes requiring registration of the offer and sale of franchisea and/or offer and sale by means of a comprehensive offering circular that must be delivered to the prospective franchise from two to ten days before sale of the franchise. Rudnick, Joseph W. Sheyka, & Jerome L. Fels, General Franchising Considerations, Organizing and Advising Illinois Busiinesses, Illinois Institute for Continuing Legal Education, May, 1999.

"disclosure statement" or "prospectus" to each prospective franchisee at the earlier of: (a) The first personal meeting between the franchisor and the franchisee at which the purchase of the franchise is discussed; or (b) Ten business days before the earlier of: (i) the execution by the franchisee of the franchise agreement or any other agreement, creating a binding legal obligations; or (ii) the payment by the franchisee of any consideration in connection with the sale or proposed sale of a franchise."

Some topics in this essay:
Franchising, International Franchise Association, Business Model, Franchise, FTC, United States, Retail Sales, Hilton, Small Business Administration, Wendy,

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PROFESSIONAL ESSAYS:

Establishing a Franchise in Dubai This research describes a proposed study that will investigate the financial and marketing feasibility of establishing a franchise outlet of a United States .... (1349 5 )

HOSPITALITY FRANCHISE SYSTEMS, INC. This research develops a case study analysis of Hospitality Franchise systems, Inc. The .... Exchange. Hospitality Franchise Systems, Inc. .... (3563 14 )

Women as Franchise Holders .... First, the level of capital invest ment required for franchise holders is typically lower than that required for an independent business start up operation .... (2157 9 )

Internet Marketing Project International Franchise Association This research uncovered three key problems concerning the internet marketing situation for the International Franchise Association, the world's oldest and .... (1947 8 )

Ramada Franchise Systems .... This research considers the issue of business research in general, and its application at Ramada Franchise Systems in particular. .... (1218 5 )

Thailand & a Kinko Franchise Program Thailand is a nation ready to embrace a Kinko's franchise program. By introducing Kinko's as a specialty and hi tech printing shop .... (1641 7 )

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