What You Need to Know About Penalty Clauses in Franchise Agreements

Penalty clauses are important aspects of franchise agreements, particularly in jurisdictions where there is no franchising legislation in place. (In Canada, that includes Newfoundland & Labrador, Nova Scotia, Quebec, Saskatchewan and the territories.)
 
Despite [...] Read more...

What does a franchisor bring to the table when you agree to join?

You know what you bring to the table when you agree to join a franchise. You bring your enthusiasm, your entrepreneurial spirit, your experience, your expertise and hopefully some funding.

But, what does the franchisor bring to the table?

You have to pay a franchising fee and ongo[...] Read more...

What Support You Can Expect from your Franchisor

All franchises are different, but one thing they all have in common is that they support their franchisees. That support comes in varying degrees, but by helping their franchisees be successful, the franchisors themselves are successful.

Let’s take a look at some of the support you [...] Read more...

Entrepreneurship Made Easier: How Franchises Help You Start Your Own Business

Although success can never be totally guaranteed, working with a franchisor greatly increases your chances at business success. Think about it like hiking through a thick forest. If you are hiking where there is no trail, the going will be slow and you will be walking blindly. Conversely, if you [...] Read more...