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Unraveling Averages and Medians for your Item 19 Financial Performance Representation
Cracking the code of your Franchise Disclosure Document (FDD) may feel a bit like you’ve been thrust into a high-school math test. But fear not! We’re here to turn those numbers from…
Best Practices for Renewing a Franchisee’s Franchise Agreement
Every franchise agreement has an expiration date. Accordingly, franchisors need to know how to properly handle franchise renewals and accompanying successor agreements. Although a franchisee’s right…
The FDD Receipt Page: Why the Last Page in the FDD Matters a Lot
The receipt page is the last page of the FDD and serves as the prospective franchisee's acknowledgement of having received the document. Once signed, it provides evidence that the franchisor has…
Growing Your Brand: Multi-Unit Franchises
When you're planning to grow your brand, the Area Development model (or Multi-Unit model) is a strategic path for rapid growth. Why Multi-Unit Franchising? An area developer (or multi-unit franchise…
Put Your Best Mark Forward: Why It’s Smart to File A Word Trademark First
As a business owner, protecting your company’s intellectual property is of paramount importance. Trademarking your names and logos can go a long way in safeguarding your brand identity. In a…
Little Symbols, Big Difference
If you’ve ever browsed the aisles of a grocery store, chances are you’ve passed by a few dozen registered trademark symbols without even noticing. Look around right now, wherever you are. Is there a…
New Franchise Policies that Impact Franchise Questionnaires are in effect as of January 1, 2023
On January 1, 2023, a new policy went into effect that will apply to franchisors that use franchise questionnaires as part of their franchise sales process. The North American Securities…
Is Your Chosen Auditor Legally Qualified to Perform the Audit?
With certain phase-in exceptions, federal and state franchise disclosure laws require that the FDD include an audited financial statement. Some regulators have started to verify an auditor’s…