In this video I discuss a red flag I’ve seen come up in franchise agreement negotiation. Sometimes a franchisor will tell a prospective franchisee that they can’t (or won’t) change the franchise agreement. That’s just fine but my problem comes when they say, "Don’t worry though, we won’t hold you to that provision." That is
The Ohio Practical Business Law Blog examines the new Franchise Disclosure Document (FDD) a recent post. The new FDD rules began in earnest on July 1, 2008.
Previously I posted on some of the key differences between the old UFOC rule and the new FDD rule including:
- Use of unaudited financial statements. Start-up franchisors may phase-in the use of audited financial