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The standard franchise agreement, working manual and working capital requirements, A track-record of operations, and ample ability to supply materials, The ability to train the Chinese personnel and provide long-term operational guidance, The franchise agreement must have a minimum three-year term. Among other provisions:
A franchise disclosure document (FDD) is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure process in the United States.It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to revisions made by the Federal Trade Commission in July 2007.
The operations manual is the documentation by which an organisation provides guidance for members and employees to perform their functions correctly and reasonably efficiently. [1] It documents the approved standard procedures for performing operations safely to produce goods and provide services. [ 2 ]
A franchise agreement is a legal, binding contract between a franchisor and franchisee. In the United States franchise agreements are enforced at the State level. Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule . [ 1 ]
In the United States, franchising is regulated by a complex web consisting of the Federal Trade Commission Franchise Rule, state laws, and industry guidelines. [5] The most recent version of the Franchise Rule was in 2007, is printed in the Federal Register / Vol. 72, No. 61 / Friday, March 30, 2007 / Rules and Regulations, pages 15544 to 15575.
The franchise rule defines acts or practices that are unfair or deceptive in the franchise industry in the United States. The franchise rule is published by the Federal Trade Commission . The franchise rule seeks to facilitate informed decisions and to prevent deception in the sale of franchises by requiring franchisors to provide prospective ...
Cendant owned a number of franchise operations, ranging from Ramada Inn, Days Inn and Avis Car Rental to chains including Coldwell Banker and Century 21. Under Cendant, Jackson Hewitt opened a total of 1,000 new offices, and started experimenting with kiosk locations in shopping malls and offices at Century 21 real estate agencies.
He remains CEO of the group and actively involved in day-to-day operations. [2] The business was run independently until 1989, when it became a franchise, which can now be found in four countries, with 5,000 total franchisees. [3] [4] After launching the Jim's Mowing Franchise in 1989, further divisions followed.