What is "Franchising"?
At the most basic level, "franchising" is a business model and expansion tool designed to facilitate business growth and development. This growth is typically achieved in the form of the multi-unit expansion of a successful business and is grounded in the coordinated and combined efforts of both franchisor and franchisee. That is, the franchisor contributes his or her proven business model, systems, trademarks and "know how" and each franchisee contributes the capital, labor and managerial commitment necessary for multi-unit expansion. When executed properly, franchising represents a "win-win" for franchisor and franchisee alike.
Considering franchising your business or just looking for more information about the process of franchising a business contact our law office at 1.800.976.4904.
We recommend reading the following articles by franchise lawyer Charles N. Internicola if you are considering franchising your business:
- How to Franchise Your Business
- How Specific State Franchise Laws Play an Important Role for Franchisors
- Mistakes to Avoid When Franchising a Business
- Take Your Business from Local Success to National Franchise with The 90 Day Franchise Launch Program
- An Entrepreneurs Guide to Purchasing a Business or Franchise
- ENDWISE: The Guide to Selling Your Business with Peace of Mind
- The New York and New Jersey Partnership Dispute Guide
- Franchise Counsel Program