Ethical franchising is a term often used in the industry but what does it actually mean?
Franchising is an incredibly versatile model but that doesn’t mean it will work for every business. Learning to read the signs can help you assess whether your business is franchiseable
Stumping up the cash required to buy a franchise will often involve borrowing from a bank. But it’s important to understand the commitments you’re making when raising capital
Ensuring franchisees are upholding certain standards is vital for any franchisor. Minimum performance clauses provide the perfect framework to guarantee franchisees are delivering results
Given the commitment they are making, carrying out thorough due diligence is vital for any franchisee before they sign on the dotted line
While the Trading Schemes Act is designed to protect consumers from pyramid schemes, legitimate franchises can also become entangled by the regulation
Having the sole rights to a territory can certainly sway someone’s decision when choosing which franchise to buy. But it’s worth bearing in mind that exclusivity comes with plenty of exceptions attached
There’s a range of factors that can help you decide whether franchising or licensing will suit your business best
The vote to leave doesn’t necessarily mean you need to tear up your franchise agreement. For most franchises, little will change from a legal standpoint
Non-compete clauses are essential to protect a franchisor from franchisees using its secret sauce to set up in opposition. But how can franchises ensure their terms are valid?