New York Franchise Regulation: Properly Disclosing Restrictive Covenants in Your FDD
The lifeblood of every good franchise system relates‚ in large measure‚ to consistency and uniformity. To achieve this‚ a properly prepared franchise agreement and FDD will contain restrictive covenants respecting the franchisees operations. To ensure that franchisees are adequately informed about the restrictive covenants imposed on them‚ New York State Franchise Regulation require franchisors to disclose restrictions and conditions imposed by the franchisor on the goods or services that the franchisee may sell‚ including restrictions that limit the customers to whom the franchise may sell goods or services . Many of these restrictions are disclosed in FDD Item 16.
For more information on FDD Disclosures and the preparation‚ filing and registration of your New York FDD‚ receive a complimentary copy of franchise lawyer Charles N. Internicola's book "The Revised Franchise Formula: A Guide to Franchising your Business in the New Economy".
Are You Looking to Buy a Franchise? If so‚ learn more about restrictive covenants and the steps to buying a franchise at Franchisee University. You will get immediate access to free videos and reports.
Do You Want to Learn More about Franchising Your Business? Order a free copy of our publication "How to Expand and Grow Your Business Through Franchising"‚this complimentary publication includes three audio cd's all about franchising your business.
By Charles Internicola December 25, 2010
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