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The difference between licensing and franchising is that licensing is a legal relationship that is limited in scope and relates only to the use of a trademark or technology, whereas franchising involves a relationship that goes beyond the grant of a license and includes a relationship of control where the underlying
Franchise disclosure document requirements. According to the Federal Trade Commission, there are 15 states that require franchisors to give an FDD to franchisees before any franchise agreement is signed. Thirteen of those states require that they are filed by a state agency for public record.
These legal documents, along with the operating manuals, staffing, training programs, and marketing initiatives, are your main investments in the franchise system. The two primary documents you'll create are the Franchise Agreement and the Franchise Disclosure Document (FDD).
Some are local and privately owned while many others are franchises. In a franchise, the individual owner (who may be local or may not be) has agreed to pay a franchise royalty fee to the parent company in exchange for use of the name, national sales and marketing support, and behind the scenes operating systems.
California. Hawaii. Illinois. Indiana. Maryland. Michigan. Minnesota. New York.
The Federal Trade Commission (FTC) does not require any type of registration for anyone buying a franchise or the franchisor.The franchisor must present you, the franchise buyer, with a franchise disclosure document (FDD). This document will have extensive details about what you can expect when buying the franchise.
Intellectual property. Misrepresentation. Competition law. Restraint of trade. Anti-bribery. Data protection. Trading schemes.
California. Hawaii. Illinois. Indiana. Maryland. Michigan. Minnesota. New York.
California. Hawaii. Illinois. Indiana. Maryland. Michigan. Minnesota. New York.