Over the last 10 years or so, franchisors have begun including performance standards, minimum gross sales requirements, and minimum royalty rates in their franchise agreements. Whatever vintage they are (sales requirements, minimum sale or royalty), the whole rationale is this:
What are the most common wage and hour claims? First comes failing to pay people for dunning. Second comes not paying for work performed off the clock. Fourth comes docking employee’s pay for lunch hours that never happened. I am
In this week’s post we discussed a case regarding personal liability for a violation of state franchise disclosure laws. Here is an infographic outlining the potential exposure for violations of franchise disclosure laws!
Did you see this timeline? Did you find it helpful? We have put together a workbook compilation. The workbook compilation has the need to know information for franchisors and worksheets to compile the data for updating the franchise disclosure document.
There are countless grounds for termination of a franchise agreement. Failure to pay royalties is most assuredly grounds of termination of the franchise agreement. Abandonment of the franchise business is another sure bet for termination of the franchise agreement. Not
How can a really sweet deal turn into a really bad nightmare? That is perhaps what two franchise founders are saying to each other about now. Michael and Kathy Butler (collectively the “Butlers”) are seasoned public relations folks. Michael Butler
At the close of the fiscal year, franchisors are required to update the franchise disclosure document. Previously we posted a Franchise Disclosure Document Update Timeline. The timeline is designed to give a simple step-by-step schematic for updating the franchise disclosure document. On December’s to-do list is reviewing the estimated initial franchise investment