What Are Franchisors Required to Disclose to Franchisees Under The FTC Amended Franchise Rule?

What Are Franchisors Required to Disclose to Franchisees Under The FTC Amended Franchise Rule?

If the relationship meets the applicable state or Federal definition of a franchise, then the franchisor must prepare a document known as the “Franchise Disclosure Document” which is commonly referred to an “FDD”.  Prior to 2007, this document was called the “Uniform Franchise Offering Circular”.   An FDD includes 23 sections called Items, along with…

Do You Ever Look Back at Your Life and Wish That You Had Made a Different Decision or Taken Another Path?

Do You Ever Look Back at Your Life and Wish That You Had Made a Different Decision or Taken Another Path?

Do you ever look back at your life and wish that you had made a different decision or taken another path? I can answer NO to that question… with a smile!    I look back to one year ago today when I casually went to FortmanSpann Law Firm to talk with Kelly Spann about a job that…

Questions to Ask Open, Transferred, and Closed Franchisees

Questions to Ask Open, Transferred, and Closed Franchisees

General Questions Additional Questions for Transferred Stores/Former Franchises: Questions to Ask Closed Franchises: Franchise Validation Questions: Individual Background Initial Period Support Franchisor Relationship The Franchised Business Marketing Purchasing Power Money Time Machine Questions About the Franchisor Questions About Costs Training Operations Advertising and Marketing Understand if Former Franchisees Were Successful Find Out if Franchisees Feel…

Can The Tutoring Center Franchisees TEACH their Franchisor to LEARN?

Can The Tutoring Center Franchisees TEACH their Franchisor to LEARN?

After years of struggling and battling their own franchisor for support and actions, over half of the franchisees formed an association with the American Association of Franchisees and Dealers (“AAFD”) [www.aafd.org] and took action. At first the action was several letters trying to get their franchisor to work with them to improve the franchise system…