How to Create a Franchise Manual

How to create a franchise manual? The importance of a franchise manual is akin to a Bible; it outlines everything that a manager needs to know about ensuring that franchisees give an accurate service based on the brands they are responsible for. For many businesses, there is the concern that franchisees may misuse the brand …

How Essential Are Royalty Fees for a Franchisor?

How Essential Are Royalty Fees for a Franchisor

The royalty fee is an ongoing payment that a franchisee pays to the franchisor. The terms of the payment are usually determined in the contract between the two parties; however, it is common for the royalty fees to be paid weekly, monthly or quarterly and is typically a percentage of the gross sales earned by …

Franchise Disclosure Document – Understanding Item 19

Understanding Item 19 in the Franchise Disclosure Document

No business work is completed without documentation, both the franchisor and the franchise needs to compile certain papers for a legal purpose. One of the most important legal document is known as the Franchise Disclosure Document. This document is maintained by the franchisor to facilitate individuals interested in acquiring their franchise. In the franchise disclosure …

Do You Need A Franchise Broker?

3 Reasons Why You Need a Franchise Broker A professional travel agent will ask you relevant questions before booking a trip for you. If they have relevant information available, they will match the right package for their client. A franchise UK broker operates in the same manner. It is their job to learn as much …

What Is The Difference Between Licensing And Franchising?

Difference Between Licensing Agreement Vs Franchising Agreement Many people get confused regarding the differences between licensing and franchising. The confusion can also stem from the fact that the principles of licensing and franchising often overlap. However, there are certain dissimilarities between licensing and franchising that can make one option more suited to an individual than …

Happy Retirement?

retirement couple

Asset Management The Key To Successful Retirement Planning The experts at St Joseph’s Asset Management have created for Franchise-UK an exclusive series of articles containing useful information about Asset Management. With our modern lifestyles, often we are so busy dealing with day to day pressures we put off focusing on the future. One thing for …

Franchise Tax: What You Need to Know

Franchise Tax: What You Need to Know Famous Einstein once share his thought about tax filing and say, ‘it is difficult for a mathematician. Probably it takes a philosopher to answer that’. Though he is not a franchisee, it is still surprising to see that many franchising folks are caught up with his idea and …

What is a franchise agreement?

What is a franchise agreement? The mistake many new franchisors make is to assume a franchise lawyer will be able to have a chat, read a few emails and then interpret your long term business goals and how your business works which of course they will not. A franchise lawyer may well not be an …

What to Expect from a Franchise Deposit Agreement

Once you’ve decided on a Franchise, you may need to pay a franchise deposit to secure a territory and this usually involves signing a franchise deposit agreement. This is not to be confused with the actual Franchise agreement, which is completed later on, but is another more serious step towards the final commitment of becoming …

New Aussie Franchise Disclosure Laws?

The Australian Associated Press reports that franchise owners may have to give more warnings to prospective franchisees, after the government announced a review of the franchising code of conduct. Small Business Minister Fran Bailey said the government would review the disclosures section of the code, which relates to the information franchisers must disclose to prospective …

IT’S RAINING FRANCHISE LAWYERS!

It’s the time of year for spring showers, but at Birkett Long it’s raining franchise lawyers with further increases to the firm’s legally qualified staff. Annie Luckin and Emma Hopkins are two new solicitors who have recently joined the commercial property team. Annie Luckin has a joint honours degree in Agri-Business Management and marketing and worked …