Bane Franchising & Commercial Lawyers’ Post

Understanding Franchise Agreements: Essential Tips for Filipino Franchisees Franchising offers a unique business opportunity for entrepreneurs in the Philippines, allowing them to leverage established brands and systems. However, to maximize the benefits of a franchise, it is essential for potential franchisees to understand franchise agreements. This document serves as a legal contract between the franchisor and franchisee, outlining rights, responsibilities, and obligations. Understanding its components is critical for making informed decisions and navigating the complexities of running a franchise. The Role of Franchise Agreements A franchise agreement is a formalized contract that defines the partnership between a franchisor and franchisee. ... Read more https://lnkd.in/gGY8t4PD #Agreements #Essential #Filipino #Franchise #Franchisees #Tips #Understanding

International Franchise Association Outlines Core Practices and Suggests Changes to FDDs and Regulations The International Franchise Association has published a report in support of responsible franchising practices and lists core practices for doing so. The report, "Responsible Franchising: Policy Recommendations to Strengthen the Franchise Model," is a call to action for franchisors, franchisees and suppliers to operate transparently during the sales process and for policymakers to follow the report's suggestion in regulating franchise presales processes. The IFA report states that transparency and adherence to high standards during the sales process will protect the franchise business model and its owners, workers and customers. Read more about it via the link below 👇 https://bit.ly/44QAjYG . If you are ready to start your franchise journey, Call today for a free franchise consultation. 📩 Jeff@FranchiseGuidance.com 📲 248-506-1101 🌐 www.franchiseguidance.com . . #franchiselife #franchiseopportunities #franchiseowner #entrepreneurlife #financialfreedom #futureproofyourcareer

International Franchise Association Outlines Core Practices and Suggests Changes to FDDs and Regulations The International Franchise Association has published a report in support of responsible franchising practices and lists core practices for doing so. The report, "Responsible Franchising: Policy Recommendations to Strengthen the Franchise Model," is a call to action for franchisors, franchisees and suppliers to operate transparently during the sales process and for policymakers to follow the report's suggestion in regulating franchise presales processes. The IFA report states that transparency and adherence to high standards during the sales process will protect the franchise business model and its owners, workers and customers. Read more about it via the link below 👇 https://bit.ly/44QAjYG . If you are ready to start your franchise journey, Call today for a free franchise consultation. 📩 Jeff@FranchiseGuidance.com 📲 248-506-1101 🌐 www.franchiseguidance.com . . #franchiselife #franchiseopportunities #franchiseowner #entrepreneurlife #financialfreedom #futureproofyourcareer

International Franchise Association Outlines Core Practices and Suggests Changes to FDDs and Regulations The International Franchise Association has published a report in support of responsible franchising practices and lists core practices for doing so. The report, "Responsible Franchising: Policy Recommendations to Strengthen the Franchise Model," is a call to action for franchisors, franchisees and suppliers to operate transparently during the sales process and for policymakers to follow the report's suggestion in regulating franchise presales processes. The IFA report states that transparency and adherence to high standards during the sales process will protect the franchise business model and its owners, workers and customers. Read more about it via the link below 👇 https://bit.ly/44QAjYG . If you are ready to start your franchise journey, Call today for a free franchise consultation. 📩 Jeff@FranchiseGuidance.com 📲 248-506-1101 🌐 www.franchiseguidance.com . . #franchiselife #franchiseopportunities #franchiseowner #entrepreneurlife #financialfreedom #futureproofyourcareer

International Franchise Association leads the way in promoting responsible franchising with new policy recommendations to protect consumers and enhance transparency in the franchise industry. Read more about these vital recommendations shaping the future of franchising! #universityofdenver #linigercenter #twocampusesonedu #franchising #entrepreneurship

⭐️⭐️ Exciting Announcement for UK and Australian businesses: Sandberg Business Services teams with Franchising Guru for Unstoppable Growth! ⭐️⭐️ I am thrilled to announce my new game-changing partnership with the industry experts at Franchising Guru! This powerhouse collaboration combines Sandberg’s business development and operational consulting with the unparalleled franchise knowledge from the team at Franchising Guru, together we create a unique offering that will supercharge growth and streamline operations for businesses getting in to the franchise world. This alliance brings together decades of expertise to provide cutting-edge strategies, innovative solutions, and hands-on support that will help franchisors effectively launch to market, and franchisees alike scale faster, run more efficiently, and achieve greater success. Whether you're looking to expand your franchise footprint or optimise operations for growth, this partnership gives you the tools and guidance you need to crush your goals. Get ready for a new era of franchise growth! With Sandberg Business Services and the Franchising Guru on your side, the sky’s the limit! 🚀🚀 https://lnkd.in/geWufpKj #franchisedevelopment #launchingafranchise #franchisesales #businessgrowth #growthstrategy #businessdevelopment

The fiscal-community impact of Canadian franchising Franchise-related activities are again expected to generate billions in provincial and territorial taxes this year, according to the CFA (Canadian Franchise Association) 📚Read the full article here: https://lnkd.in/eVErWPKr #franchising franchisee #businessgrowth

📑 Franchise Disclosure Document (FDD): Understanding the Franchise Disclosure Document (FDD) is essential before diving into a franchise agreement. It is a roadmap to a successful franchise partnership. ❓ What is an FDD? It's a comprehensive legal document provided by the franchisor, detailing essential information about their business operations, financials, and the terms of the franchise relationship. ❓ Why is the FDD Important? The FDD is designed to protect the franchisee. It provides transparency and ensures the franchisee has all the needed information to make an informed decision about whether a particular franchise is the right fit. ❓ What's Included in the FDD? The FDD typically covers a wide range of topics, including: Franchisor's background and experience Litigation history and bankruptcy information Initial and ongoing fees Territory restrictions and exclusivity Training and support provided Financial performance representations (if any) Franchisee obligations and restrictions Termination and renewal terms The FDD is not just a legal document; it's a valuable resource that can empower the franchisee to make a confident and informed decision about their franchising future. #Franchising #FranchiseDisclosure #FDD #FranchisingKSA #FranchisingME

With the threat of new franchising regulations looming, the International Franchise Association is asking for IFA SUPPLIER MEMBERS to ensure the FTC receives an accurate picture of the current state of franchising! Responses are due October 10, 2024: https://lnkd.in/eft-tTj7 It's easy & should take 10 minutes max: ▶ Communicate the importance of the franchise model to your livelihood and ability to own a business. ▶ Explain your perspective on the threats to businesses within franchising like yours of new, one-size-fits-all regulation that does not account for the 300 different industries comprising the franchise model. ▶ Share how you collaborate and communicate with franchisors (for example, through franchise advisory councils and independent franchisee associations) to ensure the system evolves with the industry and market changes. Help us spread the world! Alex Porter, Daniel Mormino, MBA, CFE, CMHS®, Tom Portesy, Liane Caruso, CFE, Debra Vilchis, Jayson Pearl, CFE

As part of IFA's longstanding commitment to Responsible Franchising, IFA unveiled a new series of policy recommendations for franchisors, franchisees, and suppliers to improve outcomes in franchising and enhance the franchise sales process before a franchise agreement is signed. These principles and best practices are the result of year-long working group discussions, guided by IFA members and stakeholders representing all aspects of the business model, that would modernize current disclosure requirements to enable all parties in franchising to play a vital role in strengthening the business model. IFA hopes policymakers will adopt these improvements to pre-sale disclosure, rather than unfairly meddling in the franchise relationship, so franchising can continue to grow and serve as one of the greatest pathways to small business ownership. Read the findings here and share your commitment to Responsible Franchising: https://lnkd.in/ekST7hMY #IFALegal2024 Michael Layman Sarah Davies Matthew Haller Jeff Hanscom Haider Murtaza, CFE Steve Hockett David Humphrey