Some franchisors provide training for employees in - house, at your establishment.
Be sure to talk with recent franchisees about the quality of training
the franchisor provides.
A franchisor provides a licensed privilege to the franchisee to do business.
Finally, being both a broker and
a franchisor providing services to other brokers, we can see the very real potential and rewards of being committed to what we do.
The Franchisor provides its franchises support through resources and promotional materials, and also allows the...
Not exact matches
In terms of lessons learned, Jerry Masino suggests using your
franchisor's template and training, understanding customer service — «it's the cornerstone of a lot of businesses» — and making sure your location is right by hiring a corporate realtor to
provided the demographics needed.
Item 21
provides the
franchisor's three most recent audited annual financial statements.
If you need financing to buy a franchise, a bank lender may be able to
provide you with a Dun & Bradstreet report or similar financial profile of the
franchisor.
A potential
franchisor should be able to
provide a franchisee with an adequate return for their investment.
The FDD
provides prospective franchisees with information about the
franchisor, the franchise system and agreements.
It's all about leverage — from day one, we work hard to drive down your costs, increase your margins, and
provide the kind of benefits that other
franchisors don't offer.
The
franchisor will then ask for an initial investment to cover training, marketing materials, equipment, construction (if necessary) and anything else they need to
provide.
Benefits, vacation, insurance, and any additional information will be
provided by the
franchisor.
Franchisors will also
provide a list of contact to use to service the equipment used at your franchise business.
The parent corporation of a franchise (called the «
franchisor»)
provides the branding and promotional materials to franchise business owners.
This will give your business immediate credibility, and the
franchisor may
provide you with additional resources and good leads for your first clients.
Resources
provided by the
franchisor include updated marketing information, ongoing training opportunities or national advertising.
The FTC's Franchise Rule permits a
franchisor to
provide information about the actual or potential financial performance of its franchised and / or
franchisor - owned outlets, if there is a reasonable basis for the information, and if the information is included in the Disclosure Document.
UK About Blog The Franchising Centre are first choice advisors to prospective and practising
franchisors and their franchisees,
providing flexible solutions for mutual achievement of business and personal goals to any organisation or person at any stage of their franchise development anywhere in the world.
In explaining Sherpa Kids Australia's role, Michael says: «Our job as the
franchisor is to oversee each operation and
provide operational support with our team of highly experienced OSHC professionals.
One of the creditor's lawyers, Boston's Nicole Corvini Daly, who worked on the case with her colleague William A. Haddad, said in a written statement that she was pleased with «the clarity»
provided by the opinion and the confirmation that the
franchisor could pursue injunctive relief in the state court proceeding.
As described by Lawyers Weekly, the court's decision
provides that «a
franchisor's rights to enforce noncompetition and nonsolicitation agreements are not claims that a debtor can discharge,» as long as the
franchisor «does not alternatively have a right to payment of monetary damages.»
The
franchisor must also
provide the prospective franchisee prompt notice of any material change to any of the above.
Failure on the part of the
franchisor to comply with disclosure obligations
provides the franchisee with an extraordinary remedy — it allows a franchisee to rescind the contract within two years and to obtain the return of its investment in franchise fees, inventory and equipment costs.
Franchises are governed by the Arthur Wishart Act (Franchise Disclosure), 2000 (the «Act») which was enacted by the Ontario government to
provide protection to franchisees in relation to their dealings with
franchisors, and to address the imbalance of power that exists between the parties.
In contrast, the
franchisor argued that the franchisee was
provided with disclosure as required under the Act, and the franchisee was simply attempting to resile from a bona fide transaction due to its own incompetence and inability to operate the business successfully.
The Court found a number of deficiencies in the disclosure
provided by the
franchisor, including failure to
provide: (1)... Read More
The franchisee sought to rescind the franchise agreement approximately six months after entering into the agreement by arguing that the disclosure document
provided by the
franchisor was so deficient that it amounted to receving no disclosure at all.
The Court stated that the
franchisor's failure to
provide its financial statements prevented the franchisee from assessing the financial viability of the
franchisor, and the
franchisor's failure to
provide the lease or sublease prevented the franchisee from assessing the costs of a significant expense — the monthly lease obligations.
The Court found a number of deficiencies in the disclosure
provided by the
franchisor, including failure to
provide: (1) the financial statements of the
franchisor; (2) the lease or sublease relating to the premises where the franchise operated and an estimate of the costs for such a lease; (3) the Directors» Certificate; and (4) various other agreements relating to the franchise.
For these reasons, the Ontario government introduced comprehensive legislation, known as the Arthur WIshart Act, designed to ensure that potential franchisees are properly informed about the franchise system they are entering, and to
provide protections and remedies when
franchisors engage in misrepresentation or operate in a way that is unfair to their franchisees.
The Arthur Wishart Act
provides that, when a franchise agreement is validly rescinded, the
franchisor must:
Two 2015 decisions of the Ontario Court of Appeal in particular
provide importance guidance to
franchisors concerned about how they may wish to handle an assignment of a franchise.
The
franchisor failed to
provide adequate disclosure document because it did not disclose information about ministry deficiencies concerning the daycare centre's operations.
The reasons do not
provide particulars about the resale transaction and how the
franchisor's role was passive.
The
franchisor agreed to
provide financial assistance on condition of the franchisee sign a settlement agreement releasing the
franchisor of any past claims.
After successfully negotiating and concluding the sale of Crescent City to its most successful franchisee, Wayne began the development of a franchise practice focused on
providing experienced counsel to start - up, emerging and mature
franchisors as these clients expand their systems through the granting of franchises on a regional, national and international level.
One of the key advantages of a rescission claim (as opposed to a misrepresentation claim) is that some parts of damages are much easier to prove — there is no requirement to prove that damages were caused as a result of the
franchisor's failure to
provide disclosure.
«This Court noted in Provigo that the
franchisor owed an obligation of good faith and loyalty to its franchisees that brought with it a duty to
provide technical and commercial assistance and what it called «collaboration» during the life of the agreement.
At issue in that decision were allegations by some franchisees that the
franchisor was overcharging for the food and supplies
provided to franchisees and that this constituted,... [more]
In the absence of any specific contractual language (there was express language in the agreements at issue in Bertico), the court found the
franchisor had an implicit duty, as a result of a duty of good faith and loyalty towards its franchisees, to
provide them with technical support and co-operation in a manner that would ensure that the underlying considerations of the franchise agreement remained relevant.
First, in the analysis of whether a
franchisor is exempt from
providing a franchise disclosure document in a renewal, the court needs evidence, and it must be conclusive, about the material differences between the original and then - current franchise agreements and their factual context.
UK About Blog The Franchising Centre are first choice advisors to prospective and practising
franchisors and their franchisees,
providing flexible solutions for mutual achievement of business and personal goals to any organisation or person at any stage of their franchise development anywhere in the world.
Work with administrative assistant to edit and distribute monthly Franchise newsletter (template
provided by
Franchisor) * Perform in home assessment and complete Start of Care forms for new clients...
Our role as a
franchisor is to help our franchisees and sales associates adapt to changing consumer tastes and profiles and
provide timely solutions in a cost - effective manner.
Provide a Marketing Plan A marketing plan that
provides a clear roadmap to successful recruiting is key to a growing brokerage, yet so many
franchisors don't offer one.
REM: Where is the direction coming from within Re / Max of Western Canada to meet consumer needs and demands — is it coming from your salespeople and your broker / owners agents, or is the expectation that you as a
franchisor will
provide that direction?
As a
franchisor of a traditional real estate brokerage, we're learning how we can continue to evolve and articulate the value we
provide to agents.
In some instances where a landlord seeks a larger security deposit, the
franchisor might have to step in to
provide an additional guarantee on the lease.
RISMEDIA, May 22, 2010 — As we find ourselves in the midst of National Home Improvement month, HouseMaster, one of the first and largest home inspection
franchisors in North America
provides homeowners with simple tips on how to maintain and update their homes with fixes they can inexpensively do on their own.