InfoFranchise.co.uk : Franchise, All yours Opportunities

Question:

WHAT IF THE INFORMATION GIVEN TO A PROSPECTIVE FRANCHISEE IN THE DISCLOSURE AGREEMENT IS MISLEADING OR FRAUDULENT OR INCOMPLETE?

Answer:
The law prohibits the sale of a franchise by way of any communication that contains an untrue statement of a material fact or fails to state a material fact that should be stated. Generally, a "material fact" is one that a reasonable person would believe to be important in making a decision on whether to buy a franchise or not the transaction. Such a fact might be that X% of the company's franchisees have gone bankrupt, as a reasonable person would find this information important in making a decision to purchase a franchise. If a material fact is omitted by a franchiser, a franchisee may bring legal action to recover damages.

Date: 2004/6/7
The consultant:

WHAT IS A FRANCHISE BUSINESS?

WHAT'S IN A FRANCHISE AGREEMENT?

I HAVE A GREAT BUSINESS IDEA. CAN I FRANCHISE IT?

WHAT IF THERE IS A CHANGE IN FRANCHISOR OWNERSHIP - SAY MCDONALD'S BUYS BURGER KING, OR THE FRANCHISOR COLLAPSES?

CAN A BUYER OF A FRANCHISE SELECT THE BUSINESS LOCATION?

WHAT'S IN THE DISCLOSURE STATEMENT (OR CIRCULAR OFFERING)

WHAT DISCLOSURE AM I ENTITLED TO WHEN I CONSIDER BUYING A FRANCHISE?

WHAT IF THE INFORMATION GIVEN TO A PROSPECTIVE FRANCHISEE IN THE DISCLOSURE AGREEMENT IS MISLEADING OR FRAUDULENT OR INCOMPLETE?

THE FRANCHISE IS SUPPOSED TO BE A "GOLDMINE". HOW CAN I TELL?

WHAT DO MOST FRANCHISE BUSINESSES HAVE IN COMMON?

CAN THE FRANCHISE AGREEMENT BE TERMINATED OR NOT RENEWED?

WHAT CAN I NEGOTIATE?

WHAT'S IN A FRANCHISE AGREEMENT?

CAN I NEGOTIATE THE FRANCHISE AGREEMENT, OR IS IT "TAKE IT OR LEAVE IT"?

In which case is possible to cancel the franchise agreement?


The Corporate Presentation Is the way forward for future communications. No longer just text and photos but video, interactive, syncronistation. Have a look at how Cinemastore, the video rental store, has used the Corporate Presentation in Franchising...	Video On Demand The contents of a web site or portal can be emphasized by using Video On Demand. See the Streaming 2 Business solutions, ready for the european business market...	Online Training How to achieve results with video conferencing and online briefing. A business is now able to conduct its training online, live or pre recorded, but also live briefing from managers.All the solutions achieved with Streaming 2 Business.