The Difference Between an FDD and a Franchise Agreement
The Difference Between an FDD and a Franchise Agreement Two essential legal documents for a budding franchise are its Franchise Disclosure Document (FDD) and its franchise agreement. While they may have overlapping goals when it comes to establishing a successful franchisee and franchisor relationship, each serves a distinct purpose. Understanding [...]
Choosing the Right Business Entity as a Franchise
Choosing the Right Business Entity as a Franchise One of the most important decisions for a franchise – whether as a franchisor or franchisee – is choosing a business entity type. Your business entity selection will depend on several personal, financial and business-related factors specific to your franchise. Here, you’ll [...]
What Is the Lifecycle of a Franchise System?
What Is the Lifecycle of a Franchise System? A reasonable concern for many business owners exploring the operation of a franchise system is how long it will take to see a return on the invested time, money and other resources. In other words, what is the lifecycle of a franchise [...]
The Different Benefits of Operating a Franchise vs. a License Model
The Different Benefits of Operating a Franchise vs. a License Model The natural question for many successful businesses looking to expand their operations and profits is to compare the value of a franchise vs. a license model. Each expansion method comes with a unique set of challenges and opportunities for [...]
Understand the Risks of Licensing Intellectual Property
Understand the Risks of Licensing Intellectual Property All business agreements are about carefully allocating the risks of a deal, and this rule equally applies to the licensing of intellectual property. The value of many businesses is found in their intellectual property, whether it’s a copyright, trademark, or patent. In some [...]
The Difference Between Franchising and Licensing
The Difference Between Franchising and Licensing Franchising and licensing are two methods of profiting from the valuable goodwill of your business. While both methods have similarities, distinct differences further characterize their legal and business meanings. This article gives important context to distinguish the difference between the two options. Here, you’ll [...]