Recent Articles

Franchise Agreement

A type of partnership agreement that lays out a long term relationship between the franchisor and the franchisee. Each has a duty to the other, the franchisor provides the bulk of the package up front, whereas the franchisee pays back to the franchisor over time.

The Franchise Agreement – Geographical Territory Clause

01/17/2013

Every franchise agreement should discuss the issue of the source of customers.  This is known as the geographical territory, protected territory or exclusive territory.  Many agreements spell out the zone or area of your customer source.  It is [...]

The Franchise Relationship

12/29/2012

A franchise relationship is a partnership between two parties.  The primary party is the Franchiser.  This entity owns a master group of similar business selling/providing the same product or service.  The Franchiser sells a ‘Right’ to his [...]

Introduction to Franchises

12/03/2012

Simply put, Franchising is a partnership relationship.  As a small business owner, you have to decide if you truly want to be in a relationship with an authority in your business operation.  This can be a mutually beneficial arrangement or a [...]