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Franchising Update – Franchisor Information Statement

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The Government has recently made changes to the franchising rules. The most important update for Franchisor’s to be aware of is that concerning updated the Information Statement for Prospective Franchisees. In particular, Franchisors must now give the updated Information Statement to anyone interested in becoming a franchisee: No later than 7 days after they express …

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Franchising Update – Marketing Funds When the Franchisor Goes Bust

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Introduction Most Franchise systems require a Franchisee to pay a variety of fees. In addition to the Initial Franchise Fee and on-going royalties it is usual for a Franchisee to be required to pay a Marketing Levy or Marketing Fee. The Marketing Levy varies from a fixed amount to a levy based upon a percentage …

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