Sentences with phrase «for franchisors»
Similarly, lawyers acting for a franchisor are well advised to prepare a detailed summary of what must be disclosed to a potential franchisee, the risk the franchisor faces if the disclosure documents are determined to be inadequate, as well as the personal risk that the signatories to the disclosure document face if the disclosure document contains misrepresentations that may be grounds for a claim for rescission and damages.
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Over its 35 years in existence, the Franchise 500 ® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs.
South Africa About Blog The Franchise Association of Southern Africa (FASA) is a trade association for franchisors, franchisees and the professional organizations that service the franchise industry.
After non-jury trial in the Western District of Oklahoma, obtained judgment for franchisor in case involving breach of franchise agreement.
Life may soon get a little easier for franchisors doing business in Ontario.
But there is no place specifically for franchisors.»
Gorfine also believes crowdfunding could become a novel way for franchisors to screen candidates and assess demand for their products.
By its very nature, franchising also reduces risk for the franchisor.
But that family member didn't have the same experience or appreciation for the franchisor and only saw the individual work their father had invested in building the business.
Look for a franchisor to display confidence and ambition as well as a sense of loyalty to the prospective franchisees in the proposal.
Health Care Healthcare continues to be the top concern for franchisees and is the second biggest concern for franchisors.
For example, the figures may be based on earnings in an area where there is high demand for the franchisor's goods or services.
Fittante says the biggest headache for franchisors is the franchisee who buys into the system and then wants to change the way that it operates.
Big Frog promotes itself as a creative and fun environment for franchisors, and advertises as «not just a business,...
Something you may learn could make things easier for the franchisor as a whole, and those suggestions do not go unrewarded.
For example, a third - party buyer may have to wait for the franchisor's right of first refusal period to expire or execute a new franchise agreement that does not include the terms of your more favorable agreement.
It's rare for a franchisor to guarantee income to a franchisee but that's what A Buyers Choice Home Inspection is doing.
Defended investment company against allegations of corporate vicarious liability for franchisor and franchisee negligence related to injuries sustained at bounce house franchise
«Where the courts are saying the franchisees need site - specific information about their particular franchise, there is some compounding effect of the need to have a highly customized disclosure document that increases the cost significantly for any franchisor for each site and each candidate,» she says.
What are the possibilities for a franchisor to avoid a franchisee's claim for a good will indemnification?
However, this case is also the first Court of Appeal decision expressly holding that the test for a franchisor's compliance with its disclosure obligations under the Act is objective; that the focus must be on the nature of the deficiency and its impact on the disclosure requirements on a reasonable (not subjective) standard.
After starting to operate the franchised day care, the new franchisee encountered problems and asked for the franchisor's financial assistance.
In Franchise Canada's Spring 2013 «Viewpoints» feature, McInnes Cooper franchise lawyer Michael Melvin answers this question for franchisors and franchisees: What do I need to know about moving into new markets?
For franchisors who wish to terminate a franchise agreement with a franchisee, or to terminate a franchisee so to speak, the analysis usually focuses on the default and termination provisions in the franchise agreement.
The decision of the Ontario Superior Court of Justice in 2122994 Ontario Inc. v Lettieri 2016 ONSC 6209 once again puts to the forefront the importance for franchisors to comply with their disclosure obligations under the Arthur Wishart Act («AWA»).
It is therefore advisable for franchisors in Quebec to consult with their legal counsel as to whether the exclusions in their agreements are broad enough to exclude such implied obligations.
Wouldn't it be a marvellous opportunity for a franchisor, attractive for the entrepreneurial lawyer franchisee and great for the customer if uniformity of brand, values, quality and extraordinary customer service was available and achievable by combining a joined up Face to Face relationship building approach whilst embracing online document technology, at the Interface?
Bryan Cave has a world - class reputation as a firm of choice for franchisors.
New York City partner and leader of the firm's Franchise & Distribution practice Craig Tractenberg authored this column on how the diligence process differs for franchisors and the role of the franchise disclosure document.
This informal guidance changed the previous «direct» control standard to a more ambiguous «indirect» control standard, creating uncertainty for franchisors when structuring franchise programs to avoid joint - employer liability.
«We realize that things may be going a little slowly for the franchisors, but tremendous strides have been made over the past year, in downsizing and sharing of expenses,» adds DeLeeuw.
There is widespread industry speculation that at least one and possibly two other franchises are seriously considering the creation of a «buying entity» — that is, an arm of the franchisor that buys realty companies for the franchisor — that will play a role similar to that performed by the National Realty Trust for HFS Inc..
Today it's not uncommon for a franchisor to cover start - up and conversion costs with cash grants as high as $ 500,000 for companies with large, established market shares.
Kristi Graning, senior vice president of e-business and emerging technologies for franchisor RE / MAX International, said the restrictions on the presentation of IDX listing data have «paralyzed» the industry, stifling innovation by preventing brokerages from displaying mashups of peripheral data and user - generated social media content.
«If one of our members works for a franchisor, he can volunteer to be on the board, and the association can vote to accept him.
The DDF allows for Franchisors to offer a national real estate search solution to Quebec franchisees and Saskatchewan and Manitoba too.
Depression of the value of foreign currency relative to U.S. dollars is causing a major blockage of progress for franchisors interested in concluding arrangements in the Far East.
(A quick look at the Goldman Hines website shows that the firm acts for both franchisors and franchisees, so presumably the parties waived any suggestion of bias in that regard and chose Mr. Goldman because of his expertise in franchise law, generally, and the statutory remedies which were in dispute.)
Over its 39 years in existence, the Franchise 500 ® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees.
South Africa About Blog The Franchise Association of Southern Africa (FASA) is a trade association for franchisors, franchisees and the professional organizations that service the franchise industry.
The desire for distinctive, local branding and rising interest in real estate teams pose challenges for franchisors.
«There is no place on our Board of Directors specifically for franchisors,» says GMREB president Pierre Lafond, explaining a policy that is also in place at other boards across the country.
As employers do not deal with the day - to - day matters of hiring, firing or paying employees, for franchisors to decree a franchise - wide minimum wage may violate the franchise model, making franchisees nothing more than employees.
So far, so good, for both franchisor and franchisee.
For the franchisor, review the franchisee's balance sheet to assess how much the personal guarantee is worth in the event the franchisee defaults under the franchise agreement.