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 …
Franchising Update – Franchisor Information Statement Read More »
Introduction Anyone who has a passing interest in franchising will know that the Franchise Sector is under scrutiny. This article focuses on three issues where the Disclosure Obligations of Franchisor’s have been under the spotlight. Fairness in Franchising – Marketing Fund Review The recent parliamentary inquiry in to franchising “Fairness In Franchising” disclosed 31% of …
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 …
Franchising Update – Marketing Funds When the Franchisor Goes Bust Read More »
